B. Riley Wealth Advisors Inc. Has $713,000 Holdings in TransDigm Group Incorporated (NYSE:TDG)

B. Riley Wealth Advisors Inc. reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 563 shares of the aerospace company's stock after selling 193 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in TransDigm Group were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDG. Resonant Capital Advisors LLC increased its stake in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC increased its stake in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after acquiring an additional 8 shares during the last quarter. Western Financial Corp CA increased its stake in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after acquiring an additional 9 shares during the last quarter. Finally, TFB Advisors LLC increased its stake in shares of TransDigm Group by 2.3% in the 4th quarter. TFB Advisors LLC now owns 399 shares of the aerospace company's stock valued at $506,000 after acquiring an additional 9 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TDG has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Truist Financial decreased their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,492.36.

TransDigm Group Stock Up 0.5%

Shares of TDG traded up $7.51 on Friday, hitting $1,468.19. The company's stock had a trading volume of 374,966 shares, compared to its average volume of 262,428. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The firm's fifty day moving average price is $1,377.21 and its 200-day moving average price is $1,331.12. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $7.99 EPS. The business's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This represents a 28.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $5,163,660. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,713 shares of company stock valued at $208,099,857 in the last quarter. 4.09% of the stock is currently owned by insiders.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.