HWG Holdings LP Sells 255 Shares of Transdigm Group Incorporated (NYSE:TDG)

HWG Holdings LP trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 83.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50 shares of the aerospace company's stock after selling 255 shares during the quarter. HWG Holdings LP's holdings in Transdigm Group were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. GAMMA Investing LLC lifted its position in shares of Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after purchasing an additional 1,240,112 shares during the last quarter. Norges Bank bought a new stake in shares of Transdigm Group during the fourth quarter worth $973,353,000. Proficio Capital Partners LLC lifted its position in shares of Transdigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC bought a new stake in shares of Transdigm Group during the fourth quarter worth $399,595,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Stock Up 1.9%

Shares of NYSE TDG opened at $1,441.89 on Monday. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The business's 50 day moving average price is $1,411.26 and its 200 day moving average price is $1,349.77. The firm has a market cap of $80.99 billion, a P/E ratio of 48.68, a P/E/G ratio of 3.08 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates 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 was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.99 earnings per share. As a group, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,127,372. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. This trade represents a 71.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock valued at $202,651,767 over the last ninety days. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TDG shares. Wells Fargo & Company raised their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group raised their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Truist Financial cut their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Susquehanna lifted their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,505.23.

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.

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.