Howland Capital Management LLC Buys 2,386 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Howland Capital Management LLC raised its stake in Transdigm Group by 14.9%, purchasing an additional 2,386 shares and bringing its total holdings to 18,449 shares worth $25.52 million.
• Transdigm Group received multiple target price increases from analysts, with Susquehanna raising its price target from $1,300 to $1,600 and Truist Financial updating it from $1,553 to $1,730.
• In insider trading activity, COO Joel Reiss sold 3,000 shares and Director Robert J. Small sold 45,700 shares, marking notable decreases in their ownership stakes.

Howland Capital Management LLC boosted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,449 shares of the aerospace company's stock after acquiring an additional 2,386 shares during the quarter. Howland Capital Management LLC's holdings in Transdigm Group were worth $25,520,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Rothschild Investment LLC raised its position in Transdigm Group by 13.1% in the 1st 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 raised its position in Transdigm Group by 4.9% in the 1st 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 raised its position in Transdigm Group by 4.6% in the 1st 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 raised its position in Transdigm Group by 3.7% in the 1st 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. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TDG. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial lifted 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. 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 report on Thursday, May 8th. Morgan Stanley boosted their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,606.47.

Insider Transactions at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is currently owned by insiders.

Transdigm Group Trading Down 1.6%

TDG traded down $25.70 during midday trading on Friday, reaching $1,582.76. The company's stock had a trading volume of 322,169 shares, compared to its average volume of 205,673. The firm has a market capitalization of $88.90 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 3.20 and a beta of 1.07. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,623.82. The stock's 50-day moving average is $1,507.98 and its 200-day moving average is $1,407.27.

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 for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for 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 business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.99 earnings per share. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal 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.