M&T Bank Corp trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,958 shares of the aerospace company's stock after selling 873 shares during the period. M&T Bank Corp's holdings in Transdigm Group were worth $8,242,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Navalign LLC grew its position in Transdigm Group by 2.1% during the 1st quarter. Navalign LLC now owns 778 shares of the aerospace company's stock worth $1,076,000 after purchasing an additional 16 shares in the last quarter. Interchange Capital Partners LLC grew its position in Transdigm Group by 8.2% during the 1st quarter. Interchange Capital Partners LLC now owns 263 shares of the aerospace company's stock worth $363,000 after purchasing an additional 20 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Transdigm Group by 19.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,095 shares of the aerospace company's stock worth $4,281,000 after purchasing an additional 511 shares in the last quarter. Chilton Capital Management LLC boosted its stake in shares of Transdigm Group by 2.6% during the 1st quarter. Chilton Capital Management LLC now owns 30,433 shares of the aerospace company's stock valued at $42,098,000 after buying an additional 768 shares during the period. Finally, Simmons Bank boosted its stake in shares of Transdigm Group by 9.9% during the 1st quarter. Simmons Bank now owns 376 shares of the aerospace company's stock valued at $520,000 after buying an additional 34 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Transdigm Group
In other news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $31,801,615.80. The trade was a 69.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,758,480. The trade was a 47.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.
Transdigm Group Trading Up 1.0%
TDG traded up $14.62 during trading on Thursday, hitting $1,541.06. The stock had a trading volume of 217,920 shares, compared to its average volume of 262,196. The firm has a market cap of $86.56 billion, a PE ratio of 52.03, a P/E/G ratio of 3.26 and a beta of 1.04. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,542.46. The company has a 50 day simple moving average of $1,449.61 and a 200-day simple moving average of $1,370.31.
Transdigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. The firm 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 business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $7.99 EPS. As a group, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on TDG shares. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. UBS Group lifted their target price on shares of 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. The Goldman Sachs Group lifted their price objective on shares of 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. KeyCorp lifted 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 research note on Wednesday, July 2nd. Finally, Truist Financial reduced their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,545.80.
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Transdigm Group Company Profile
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Free Report)
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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