Banque Cantonale Vaudoise Acquires Shares of 327 Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Banque Cantonale Vaudoise has acquired 327 shares of Transdigm Group valued at approximately $453,000, marking a new investment in the aerospace sector.
• Recent transactions revealed that Transdigm's CFO sold 1,800 shares for over $2.6 million, while the COO sold 3,000 shares for nearly $4.8 million, indicating shifts in insider holdings.
• Analysts have upgraded their price targets for Transdigm Group, with forecasts ranging from $1,500.00 to $1,730.00, reflecting a consensus rating of "Moderate Buy" among analysts.

Banque Cantonale Vaudoise acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 327 shares of the aerospace company's stock, valued at approximately $453,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Transdigm Group during the 4th quarter worth $32,000. Wayfinding Financial LLC acquired a new position in Transdigm Group during the 1st quarter worth $75,000. Finally, CVA Family Office LLC grew its holdings in Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after acquiring an additional 32 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the sale, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,752,296. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock worth $173,419,391 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TDG shares. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. The Goldman Sachs Group raised their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Truist Financial lifted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company lifted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group lifted their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,606.47.

Transdigm Group Stock Down 1.6%

Shares of NYSE:TDG opened at $1,582.76 on Friday. The company has a market cap of $88.90 billion, a PE ratio of 53.44, a P/E/G ratio of 3.25 and a beta of 1.07. The company's 50-day moving average price is $1,507.98 and its 200 day moving average price is $1,406.48. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. Transdigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $7.99 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.