Transdigm Group Incorporated (NYSE:TDG) Stock Position Boosted by Smith Salley Wealth Management

Smith Salley Wealth Management raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,881 shares of the aerospace company's stock after purchasing an additional 282 shares during the period. Smith Salley Wealth Management's holdings in Transdigm Group were worth $10,902,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new position in shares of Transdigm Group in the 1st quarter worth $1,113,000. Paragon Advisors LLC lifted its stake in shares of Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after purchasing an additional 224 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Transdigm Group by 89.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after purchasing an additional 1,553 shares in the last quarter. Merit Financial Group LLC increased its position in Transdigm Group by 39.5% during the 1st quarter. Merit Financial Group LLC now owns 813 shares of the aerospace company's stock worth $1,124,000 after purchasing an additional 230 shares in the last quarter. Finally, DnB Asset Management AS increased its position in Transdigm Group by 2.5% during the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after purchasing an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Down 0.5%

TDG stock traded down $8.00 during midday trading on Tuesday, reaching $1,512.64. The company had a trading volume of 284,700 shares, compared to its average volume of 261,836. The firm has a market capitalization of $84.97 billion, a PE ratio of 51.07, a P/E/G ratio of 3.20 and a beta of 1.05. The stock has a 50 day moving average price of $1,429.06 and a 200 day moving average price of $1,359.27. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,528.45.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $7.99 EPS. The firm's revenue was up 12.0% on a year-over-year basis. Research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. This represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,149 shares of company stock worth $202,651,767 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TDG. Wells Fargo & Company increased their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial lowered their price target on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. 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 note on Wednesday, April 2nd. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.