Blair William & Co. IL Sells 3,122 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Blair William & Co. IL sold 3,122 shares of Transdigm Group, reducing its stake by 1.8%, still owning 0.31% of the aerospace company valued at approximately $242.4 million.
• Transdigm Group has witnessed significant stake activity from other institutional investors, with 95.78% of its stock now owned by them, showcasing strong interest during the first quarter.
• Analysts have raised price targets for Transdigm Group, with Citigroup increasing its target to $1,795, reflecting a positive outlook for the company's performance.

Blair William & Co. IL reduced its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 175,221 shares of the aerospace company's stock after selling 3,122 shares during the period. Blair William & Co. IL owned 0.31% of Transdigm Group worth $242,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its stake in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC increased its position in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the fourth quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in shares of Transdigm Group during the first quarter valued at about $75,000. Finally, CVA Family Office LLC increased its position in shares of Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,113 shares of company stock valued at $173,419,391. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TDG. Citigroup upped their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Susquehanna upped their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Truist Financial upped their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company upped their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Transdigm Group Price Performance

Shares of TDG opened at $1,582.76 on Friday. The firm has a market cap of $88.90 billion, a P/E ratio of 53.44, a P/E/G ratio of 3.20 and a beta of 1.07. The stock has a 50 day simple moving average of $1,507.98 and a two-hundred day simple moving average of $1,407.27. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,623.82.

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

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.

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