Sequoia Financial Advisors LLC Reduces Holdings in Transdigm Group Incorporated (NYSE:TDG)

Sequoia Financial Advisors LLC lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,086 shares of the aerospace company's stock after selling 432 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Transdigm Group were worth $8,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. lifted its holdings in Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Transdigm Group in the 4th quarter worth approximately $74,000. Finally, CVA Family Office LLC grew its position in shares of Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after acquiring an additional 32 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Transdigm Group Stock Up 1.2%

TDG opened at $1,475.16 on Friday. The firm has a market capitalization of $82.86 billion, a P/E ratio of 49.80, a PEG ratio of 3.11 and a beta of 1.05. The stock has a fifty day moving average of $1,421.39 and a 200-day moving average of $1,354.20. 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 issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.99 EPS. On average, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,400 shares in the company, valued at $4,930,000. The trade was a 34.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, 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 sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TDG shares. The Goldman Sachs Group raised their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group increased their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial lowered their price objective on 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. Finally, Susquehanna boosted their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,532.47.

Transdigm Group Company 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.

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.