Solidarity Wealth LLC Sells 1,400 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Solidarity Wealth LLC significantly reduced its stake in Transdigm Group by selling 1,400 shares, resulting in a 72.7% decrease, leaving it with 527 shares valued at approximately $729,000.
• Multiple institutional investors have increased their holdings in Transdigm Group, with notable boosts from TCW Group Inc. (14.1%) and LPL Financial LLC (4.9%).
• Analysts have raised their price targets on Transdigm Group, with Wells Fargo setting a new target of $1,540.00 and Citigroup at $1,795.00, reflecting strong confidence in the company's prospects.

Solidarity Wealth LLC trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 72.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 527 shares of the aerospace company's stock after selling 1,400 shares during the quarter. Solidarity Wealth LLC's holdings in Transdigm Group were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. Norden Group LLC raised its holdings in Transdigm Group by 2.4% in the 1st quarter. Norden Group LLC now owns 3,026 shares of the aerospace company's stock valued at $4,186,000 after buying an additional 70 shares during the last quarter. TCW Group Inc. increased its holdings in Transdigm Group by 14.1% in the first quarter. TCW Group Inc. now owns 21,950 shares of the aerospace company's stock valued at $30,363,000 after purchasing an additional 2,706 shares during the period. LPL Financial LLC increased its holdings in Transdigm Group by 4.9% in the first quarter. LPL Financial LLC now owns 22,549 shares of the aerospace company's stock valued at $31,192,000 after purchasing an additional 1,054 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Transdigm Group by 0.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,871 shares of the aerospace company's stock worth $53,770,000 after purchasing an additional 195 shares during the last quarter. Finally, Accretive Wealth Partners LLC lifted its holdings in Transdigm Group by 1.5% during the 1st quarter. Accretive Wealth Partners LLC now owns 1,312 shares of the aerospace company's stock worth $1,826,000 after buying an additional 20 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial upped their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company upped their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus started coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Susquehanna raised their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, KeyCorp upped 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. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Stock Performance

Shares of NYSE TDG traded down $9.80 during midday trading on Thursday, hitting $1,611.03. 68,097 shares of the stock traded hands, compared to its average volume of 270,746. The business has a 50 day moving average price of $1,500.95 and a two-hundred day moving average price of $1,402.24. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,623.82. The company has a market cap of $90.49 billion, a PE ratio of 54.36, a P/E/G ratio of 3.25 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $7.99 earnings per share. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 49,241 shares of Transdigm Group stock in a transaction on 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 directly owned 21,548 shares of the company's stock, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is currently owned by company insiders.

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.