Transcend Capital Advisors LLC Makes New $600,000 Investment in Transdigm Group Incorporated (NYSE:TDG)

Transcend Capital Advisors LLC acquired a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 434 shares of the aerospace company's stock, valued at approximately $600,000.

Several other large investors have also made changes to their positions in the business. Bruce G. Allen Investments LLC lifted its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Transdigm Group during the 4th quarter worth about $32,000. Meeder Asset Management Inc. lifted its position in 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 acquiring an additional 21 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Transdigm Group in the 4th quarter valued at $74,000. Finally, SBI Securities Co. Ltd. acquired a new position in Transdigm Group in the 4th quarter valued at about $77,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the sale, the director owned 21,548 shares in the company, valued at $31,117,035.84. This represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,127,372. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,149 shares of company stock valued at $202,651,767 over the last three months. Company insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped 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. The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Truist Financial dropped their price target on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus initiated coverage on shares of 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. Finally, Susquehanna upped their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,532.47.

Transdigm Group Stock Performance

Shares of NYSE:TDG traded up $23.73 during midday trading on Monday, hitting $1,522.90. The company's stock had a trading volume of 289,657 shares, compared to its average volume of 261,741. The business's 50 day simple moving average is $1,424.74 and its 200 day simple moving average is $1,357.43. The company has a market cap of $85.54 billion, a P/E ratio of 51.41, a price-to-earnings-growth ratio of 3.20 and a beta of 1.05. Transdigm Group Incorporated has a 12-month low of $1,002.99 and a 12-month high of $1,571.74.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping 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 analysts' expectations of $2.17 billion. During the same quarter last year, the business earned $7.99 EPS. The business's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.