Diversify Wealth Management LLC Acquires Shares of 1,767 Transdigm Group Incorporated (NYSE:TDG)

Diversify Wealth Management LLC purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,767 shares of the aerospace company's stock, valued at approximately $2,488,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Transdigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors grew its stake in shares of Transdigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after buying an additional 155,541 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares during the period. FMR LLC grew its stake in shares of Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after buying an additional 5,414 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after buying an additional 87,309 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TDG. Truist Financial increased their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday. KeyCorp increased their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Susquehanna increased their price objective on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, Northcoast Research raised 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 report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,561.80.

Transdigm Group Stock Up 0.1%

Transdigm Group stock opened at $1,540.77 on Friday. The firm has a market cap of $86.54 billion, a PE ratio of 52.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,553.85. The company's 50 day moving average is $1,453.53 and its two-hundred day moving average is $1,373.69.

Transdigm Group (NYSE:TDG - Get Free Report) last announced 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. 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 analyst estimates of $2.17 billion. During the same period last year, the business earned $7.99 EPS. The company's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Wynne sold 1,800 shares of the firm'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 completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last three months, insiders sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by insiders.

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.

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