TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 10.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,201 shares of the aerospace company's stock after selling 1,435 shares during the quarter. TransDigm Group accounts for 2.2% of Teamwork Financial Advisors LLC's investment portfolio, making the stock its 19th largest position. Teamwork Financial Advisors LLC's holdings in TransDigm Group were worth $16,878,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in TransDigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the period. Norges Bank purchased a new position in shares of TransDigm Group during the fourth quarter worth about $973,353,000. Proficio Capital Partners LLC lifted its position in TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC acquired a new stake in TransDigm Group during the 4th quarter worth approximately $399,595,000. Finally, JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TDG. Wells Fargo & Company lifted 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 report on Thursday, May 8th. Susquehanna increased their target price 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. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, 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 report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,492.36.

TransDigm Group Price Performance

NYSE:TDG traded down $6.26 during trading hours on Thursday, reaching $1,442.44. 237,219 shares of the company traded hands, compared to its average volume of 262,183. The firm's 50-day moving average is $1,381.29 and its 200-day moving average is $1,334.36. The stock has a market cap of $81.02 billion, a P/E ratio of 50.88, a P/E/G ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $7.99 earnings per share. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robert J. Small sold 20,000 shares of TransDigm Group stock in a transaction on Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the transaction, the director now owns 95,356 shares in the company, valued at approximately $127,796,111.20. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,163,660. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,713 shares of company stock worth $154,267,457. 4.09% of the stock is owned by insiders.

TransDigm Group 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.