Envestnet Asset Management Inc. Sells 1,021 Shares of Transdigm Group Incorporated (NYSE:TDG)

Envestnet Asset Management Inc. lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,609 shares of the aerospace company's stock after selling 1,021 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Transdigm Group worth $101,823,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. lifted its position in shares of Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Transdigm Group during the first quarter valued at approximately $75,000. Finally, CVA Family Office LLC raised its stake 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 purchasing an additional 32 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction dated 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 transaction, the director owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on 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 $31,117,035.84. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock worth $202,651,767 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp lifted their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group boosted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial decreased their price target on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Northcoast Research upgraded 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,545.80.

Transdigm Group Price Performance

Shares of Transdigm Group stock traded up $14.62 during trading hours on Thursday, hitting $1,541.06. The company's stock had a trading volume of 217,920 shares, compared to its average volume of 262,196. The stock has a 50 day moving average of $1,449.61 and a 200 day moving average of $1,370.31. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,542.46. The company has a market capitalization of $86.56 billion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 3.26 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last announced 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 firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $7.99 EPS. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.