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Russell Investments Group Ltd. Raises Stock Position in Transdigm Group Incorporated (NYSE:TDG)

Transdigm Group logo with Aerospace background

Key Points

  • Russell Investments Group Ltd. increased its holdings in Transdigm Group by 2.7%, now owning 68,641 shares valued at approximately $94.95 million.
  • A high percentage of Transdigm's stock, around 95.78%, is currently held by institutional investors and hedge funds, indicating strong investor confidence.
  • Analysts have raised their price targets for Transdigm Group, with Goldman Sachs setting a new target of $1,709 and a "buy" rating, suggesting bullish sentiment towards the company's performance.
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Russell Investments Group Ltd. boosted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,641 shares of the aerospace company's stock after acquiring an additional 1,778 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Transdigm Group worth $94,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Transdigm Group

In related news, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,937,310. The trade was a 48.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,163,660. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,872 shares of company stock worth $100,747,061 over the last three months. 4.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDG. Morgan Stanley raised their price target 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 raised their price target 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. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Wells Fargo & Company lifted 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. Finally, Stifel Nicolaus started coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Get Our Latest Stock Analysis on TDG

Transdigm Group Price Performance

Shares of NYSE:TDG traded down $24.13 during mid-day trading on Friday, reaching $1,388.60. 496,373 shares of the company traded hands, compared to its average volume of 289,591. The company's 50 day moving average price is $1,503.15 and its 200-day moving average price is $1,412.93. The firm has a market cap of $78.25 billion, a PE ratio of 46.09, a PEG ratio of 2.94 and a beta of 1.07. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the previous year, the firm earned $9.00 earnings per share. Transdigm Group's revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Company Profile

(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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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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