Jefferies Financial Group Inc. Has $3.97 Million Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Jefferies Financial Group Inc. increased its stake in Transdigm Group by 101.5%, owning nearly $4 million in stock by the end of the most recent quarter.
• Transdigm Group reported earnings per share (EPS) of $9.11, surpassing analysts' estimates of $8.83, with a revenue of $2.15 billion for the quarter.
• Various research firms have raised their price targets for Transdigm Group, with an average target price now at approximately $1,606.47, reflecting a "Moderate Buy" rating from analysts.

Jefferies Financial Group Inc. lifted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 101.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,866 shares of the aerospace company's stock after purchasing an additional 1,444 shares during the period. Jefferies Financial Group Inc.'s holdings in Transdigm Group were worth $3,965,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC grew its stake in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Transdigm Group in the 4th quarter valued at about $32,000. Wayfinding Financial LLC acquired a new position in Transdigm Group in the 1st quarter valued at about $75,000. Finally, CVA Family Office LLC grew its stake in Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Price Performance

TDG stock opened at $1,582.76 on Friday. The company has a 50 day simple moving average of $1,507.98 and a 200 day simple moving average of $1,407.27. The stock has a market cap of $88.90 billion, a price-to-earnings ratio of 53.44, a P/E/G 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.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.99 EPS. On average, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock worth $173,419,391 over the last 90 days. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TDG. 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 report on Thursday, July 17th. 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 report on Monday, July 14th. Wells Fargo & Company boosted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Truist Financial boosted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, KeyCorp boosted their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,606.47.

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.

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