Transdigm Group Incorporated (NYSE:TDG) Stake Cut by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,441 shares of the aerospace company's stock after selling 436 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Transdigm Group were worth $3,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after acquiring an additional 79,284 shares in the last quarter. Capital World Investors raised its holdings in shares of Transdigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transdigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. FMR LLC raised its holdings in shares of Transdigm Group by 0.3% in the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Transdigm Group by 4.8% in the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after acquiring an additional 87,309 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Truist Financial reduced their target price 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. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Finally, KeyCorp increased their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,545.80.

Transdigm Group Stock Performance

TDG traded up $14.62 on Thursday, reaching $1,541.06. 217,920 shares of the company's stock were exchanged, compared to its average volume of 262,196. The company's 50 day moving average is $1,449.61 and its 200-day moving average is $1,370.31. The company has a market cap of $86.56 billion, a price-to-earnings ratio of 52.03, a PEG ratio of 3.26 and a beta of 1.04. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,542.46.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the company earned $7.99 earnings per share. Transdigm Group's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the transaction, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the 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 transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by 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.