Cutter & CO Brokerage Inc. Acquires Shares of 5,112 Transdigm Group Incorporated (NYSE:TDG)

Cutter & CO Brokerage Inc. purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,112 shares of the aerospace company's stock, valued at approximately $7,071,000. Transdigm Group accounts for 1.7% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 13th largest holding.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC increased 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 valued at $26,000 after purchasing an additional 10 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the fourth quarter worth $32,000. Meeder Asset Management Inc. increased its stake 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 buying an additional 21 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Transdigm Group in the first quarter valued at about $75,000. Finally, CVA Family Office LLC lifted its position 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 buying an additional 32 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TDG. Truist Financial boosted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday. Susquehanna boosted their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday. 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 note on Thursday, May 8th. Citigroup boosted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,594.80.

Transdigm Group Price Performance

NYSE:TDG traded up $31.17 on Monday, hitting $1,574.21. 191,933 shares of the company's stock were exchanged, compared to its average volume of 277,395. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,574.85. The company has a market cap of $88.42 billion, a P/E ratio of 53.15, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. The firm has a 50-day moving average price of $1,453.53 and a 200-day moving average price of $1,374.70.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping 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 business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company earned $7.99 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction dated 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 sale, the director owned 21,548 shares of the company's stock, valued at approximately $31,117,035.84. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,149 shares of company stock valued at $176,059,567. Company insiders own 4.09% of the company's stock.

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.