HighTower Advisors LLC Lowers Stake in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• HighTower Advisors LLC reduced its stake in Transdigm Group by 18.4%, now holding 14,152 shares worth approximately $19.6 million after selling 3,186 shares in the first quarter.
• Multiple institutional investors, including Winch Advisory Services and Rothschild Investment, increased their holdings in Transdigm Group during the same quarter, reflecting continued institutional interest in the company.
• Transdigm Group reported $9.60 earnings per share for the last quarter, missing estimates, but showed a revenue increase of 9.3% year-over-year, highlighting ongoing growth despite tough comparisons.

HighTower Advisors LLC cut its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,152 shares of the aerospace company's stock after selling 3,186 shares during the quarter. HighTower Advisors LLC's holdings in Transdigm Group were worth $19,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC boosted its holdings in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares during the period. Rothschild Investment LLC boosted its holdings in Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after purchasing an additional 8 shares during the period. Balefire LLC boosted its holdings in Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after purchasing an additional 8 shares during the period. New Republic Capital LLC boosted its holdings in Transdigm Group by 4.6% in the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after purchasing an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Transdigm Group by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after purchasing an additional 8 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on 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. KeyCorp cut their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Truist Financial raised their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, The Goldman Sachs Group raised their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group Trading Down 1.7%

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

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

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the transaction, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group 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 directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,872 shares of company stock worth $100,747,061. Company insiders own 4.09% of the company's stock.

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.

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