Financial Harvest LLC Takes Position in Transdigm Group Incorporated (NYSE:TDG)

Financial Harvest LLC purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,855 shares of the aerospace company's stock, valued at approximately $6,716,000. Transdigm Group makes up about 4.5% of Financial Harvest LLC's investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC raised its holdings in shares of Transdigm Group by 111.1% in the first 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 during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group during the 4th quarter valued at $32,000. Meeder Asset Management Inc. increased its position in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group during the 1st quarter valued at $75,000. Finally, CVA Family Office LLC increased its holdings in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

TDG traded up $2.11 during midday trading on Friday, hitting $1,597.36. The stock had a trading volume of 225,970 shares, compared to its average volume of 261,761. The company has a market cap of $89.72 billion, a P/E ratio of 53.93, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. The business has a fifty day moving average of $1,471.71 and a 200 day moving average of $1,384.68. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,607.31.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.99 EPS. On average, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other news, Director Sean P. Hennessy sold 4,700 shares of the business's 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 completion of the transaction, the director directly owned 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at approximately $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,413 shares of company stock valued at $172,987,751. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TDG shares. UBS Group raised their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Citigroup lifted their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Truist Financial lifted their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company lifted their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Susquehanna lifted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

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.