Crestwood Advisors Group LLC Purchases New Stake in Transdigm Group Incorporated (NYSE:TDG)

Crestwood Advisors Group LLC acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 199 shares of the aerospace company's stock, valued at approximately $275,000.

A number of other large investors have also modified their holdings of TDG. Bruce G. Allen Investments LLC raised its stake 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. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. boosted its holdings in shares of Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group in the first quarter valued at about $75,000. Finally, CVA Family Office LLC boosted its holdings in shares of Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. 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 report on Wednesday, May 7th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Finally, Truist Financial boosted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,606.47.

Transdigm Group Price Performance

TDG traded up $6.85 during midday trading on Friday, reaching $1,606.09. 200,223 shares of the company's stock were exchanged, compared to its average volume of 224,248. The stock has a market capitalization of $90.21 billion, a PE ratio of 54.22, a P/E/G ratio of 3.23 and a beta of 1.04. The business's 50-day moving average price is $1,489.82 and its 200 day moving average price is $1,395.31. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,615.35.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned $7.99 earnings per share. Transdigm Group's revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the transaction, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock valued at $173,419,391 over the last quarter. Company insiders own 4.09% of the company's stock.

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.