Transdigm Group Incorporated (NYSE:TDG) Shares Sold by First Heartland Consultants Inc.

Key Points

• First Heartland Consultants Inc. drastically reduced its stake in Transdigm Group by 99.3%, bringing its holdings down to 277 shares valued at $384,000.
• Several hedge funds have increased their positions in Transdigm, with GAMMA Investing LLC raising its stake by an astonishing 177,412.3%, leading to a total ownership of 1,240,811 shares valued at approximately $1.7 billion.
• Research analysts have rated Transdigm favorably, with an average rating of "Moderate Buy" and a consensus price target of $1,606.47 following recent upgrades from various firms.

First Heartland Consultants Inc. trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 99.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277 shares of the aerospace company's stock after selling 38,873 shares during the quarter. First Heartland Consultants Inc.'s holdings in Transdigm Group were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its position in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC grew its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the period. Park Square Financial Group LLC acquired a new position in Transdigm Group during the fourth quarter worth about $32,000. Meeder Asset Management Inc. grew its position in Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group during the first quarter worth about $75,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial upped 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 report on Friday, July 11th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Citigroup upped their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Finally, KeyCorp increased their price target on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Four research 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 has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction 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 in the company, valued at $4,937,310. This trade represents a 48.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the transaction, the director owned 88,419 shares in the company, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Up 0.4%

Shares of TDG traded up $6.85 on Friday, hitting $1,606.09. 200,223 shares of the stock traded hands, compared to its average volume of 214,721. The firm has a market capitalization of $90.21 billion, a P/E ratio of 54.22, a P/E/G ratio of 3.25 and a beta of 1.04. The stock's 50 day moving average is $1,489.82 and its two-hundred day moving average is $1,396.89. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,615.35.

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 (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.99 earnings per share. Research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.