Net Worth Advisory Group Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Net Worth Advisory Group lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 93.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 459 shares of the aerospace company's stock after buying an additional 222 shares during the quarter. Net Worth Advisory Group's holdings in TransDigm Group were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TDG. GAMMA Investing LLC grew its stake in TransDigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Norges Bank purchased a new position in shares of TransDigm Group in the 4th quarter valued at about $973,353,000. Proficio Capital Partners LLC raised its holdings 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 valued at $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Edgewood Management LLC acquired a new position in shares of TransDigm Group during the fourth quarter valued at approximately $399,595,000. Finally, JPMorgan Chase & Co. grew its position in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director now owns 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,413 shares of company stock valued at $198,508,074 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Susquehanna raised their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. UBS Group upped their target price 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. Finally, Wells Fargo & Company upped their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,505.23.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $1.76 during midday trading on Friday, hitting $1,437.60. 318,150 shares of the company's stock were exchanged, compared to its average volume of 263,767. The company has a market cap of $80.75 billion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The stock has a 50 day moving average price of $1,398.26 and a 200-day moving average price of $1,343.88. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54.

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, beating analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company earned $7.99 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.