Cetera Investment Advisers Has $6.50 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Cetera Investment Advisers has reduced its stake in Transdigm Group by 17.5%, holding 4,695 shares valued at approximately $6.5 million as of the latest quarter.
• Insider trading activity includes significant sales, with Director Robert J. Small selling 45,700 shares for over $65 million, representing a 34.07% decrease in his holdings.
• Several analysts have recently issued favorable ratings on Transdigm Group, with target prices ranging from $1,500 to $1,795, indicating optimism about the stock's performance.

Cetera Investment Advisers decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,695 shares of the aerospace company's stock after selling 997 shares during the quarter. Cetera Investment Advisers' holdings in Transdigm Group were worth $6,495,000 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 shares of 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 purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Transdigm Group during the 4th quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in Transdigm Group during the 1st quarter valued at approximately $75,000. Finally, CVA Family Office LLC boosted its stake in Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

NYSE:TDG traded down $25.70 during mid-day trading on Friday, hitting $1,582.76. 322,169 shares of the company's stock traded hands, compared to its average volume of 221,808. The firm's 50 day simple moving average is $1,507.98 and its 200 day simple moving average is $1,407.27. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,623.82. The company has a market cap of $88.90 billion, a PE ratio of 53.44, a price-to-earnings-growth ratio of 3.20 and a beta of 1.07.

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 analysts' expectations of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. Transdigm Group's revenue was up 12.0% compared to the same quarter last year. On average, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Truist Financial lifted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company raised their price target on 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. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, Citigroup lifted their target price 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. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

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.