Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,441 shares of the aerospace company's stock after selling 436 shares during the period. Stratos Wealth Partners LTD.'s holdings in Transdigm Group were worth $3,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. lifted its stake in shares of Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Transdigm Group in the first quarter valued at about $75,000. Finally, CVA Family Office LLC lifted its stake in shares of Transdigm Group by 123.1% in 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 during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 0.1%

Shares of NYSE TDG traded up $1.24 during trading on Friday, reaching $1,540.77. 175,320 shares of the stock were exchanged, compared to its average volume of 261,818. The business's 50-day moving average price is $1,453.53 and its 200 day moving average price is $1,373.69. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,553.85. The company has a market capitalization of $86.54 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results 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 net margin of 21.09% and a negative return on equity of 38.71%. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director directly owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their position. 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 ninety days. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Susquehanna lifted their target price on shares of 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. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,561.80.

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.