Brown Miller Wealth Management LLC Takes $306,000 Position in Transdigm Group Incorporated (NYSE:TDG)

Brown Miller Wealth Management LLC acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 221 shares of the aerospace company's stock, valued at approximately $306,000.

Other large investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Transdigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. boosted its holdings in shares of Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Transdigm Group during the fourth quarter worth approximately $74,000. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TDG. Truist Financial cut their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group boosted their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Northcoast Research upgraded 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 research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,505.23.

Insider Transactions at Transdigm Group

In related news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now directly owns 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $31,117,035.84. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock valued at $202,459,077 over the last 90 days. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Performance

Transdigm Group stock traded down $11.46 during trading hours on Wednesday, reaching $1,413.92. 295,927 shares of the company's stock traded hands, compared to its average volume of 264,312. The firm's 50 day moving average is $1,404.34 and its 200-day moving average is $1,346.29. 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 has a market capitalization of $79.42 billion, a price-to-earnings ratio of 47.74, a PEG ratio of 3.04 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results 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. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $7.99 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. Analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group 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.