Elevatus Welath Management Buys New Shares in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Elevatus Wealth Management has acquired a new stake in Transdigm Group, purchasing 7,047 shares valued at approximately $9.7 million, making it the firm's 5th largest investment.
• In the latest earnings report, Transdigm Group reported an EPS of $9.60, falling short of expectations, while revenues were $2.24 billion, below the consensus estimate of $2.29 billion.
• Several analysts have updated their price targets for Transdigm Group, with UBS increasing their target from $1,815 to $1,839, while Citigroup raised theirs from $1,635 to $1,795, all maintaining a "buy" rating.

Elevatus Welath Management bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,047 shares of the aerospace company's stock, valued at approximately $9,748,000. Transdigm Group comprises about 5.5% of Elevatus Welath Management's investment portfolio, making the stock its 5th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd lifted its position in shares of Transdigm Group by 156.5% in the 4th quarter. XTX Topco Ltd now owns 454 shares of the aerospace company's stock worth $575,000 after purchasing an additional 277 shares during the period. Jump Financial LLC purchased a new stake in shares of Transdigm Group in the 4th quarter worth about $350,000. United Capital Financial Advisors LLC lifted its position in shares of Transdigm Group by 1.4% in the 4th quarter. United Capital Financial Advisors LLC now owns 1,233 shares of the aerospace company's stock worth $1,563,000 after purchasing an additional 17 shares during the period. NewEdge Advisors LLC lifted its position in shares of Transdigm Group by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 1,489 shares of the aerospace company's stock worth $1,887,000 after purchasing an additional 64 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Transdigm Group by 0.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 21,370 shares of the aerospace company's stock worth $27,050,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Down 1.7%

Shares of TDG stock opened at $1,388.60 on Friday. The company has a 50 day moving average price of $1,503.15 and a 200-day moving average price of $1,412.93. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market capitalization of $78.25 billion, a PE ratio of 46.09, a P/E/G ratio of 2.92 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.00 earnings per share. Analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sarah Wynne sold 3,200 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,872 shares of company stock valued at $100,747,061 in the last 90 days. 4.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. UBS Group increased their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Susquehanna increased their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Citigroup increased their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

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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