Harbor Investment Advisory LLC Has $512,000 Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Harbor Investment Advisory LLC grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3,600.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 370 shares of the aerospace company's stock after purchasing an additional 360 shares during the period. Harbor Investment Advisory LLC's holdings in TransDigm Group were worth $512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Capital Advisors Ltd. LLC lifted its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of TransDigm Group in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. boosted its holdings in shares of TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. CENTRAL TRUST Co grew its position in TransDigm Group by 280.0% during the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after purchasing an additional 42 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in TransDigm Group in the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TDG shares. Wells Fargo & Company lifted their target price 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. Truist Financial reduced their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Finally, UBS Group raised their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,492.36.

TransDigm Group Trading Up 1.5%

NYSE:TDG traded up $21.99 during trading hours on Friday, hitting $1,466.48. 154,526 shares of the company traded hands, compared to its average volume of 262,509. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a 50-day moving average of $1,383.93 and a 200 day moving average of $1,337.14. The stock has a market capitalization of $82.37 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results 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 negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on 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 owns 3,600 shares in the company, valued at approximately $5,163,660. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 20,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the sale, the director now directly owns 95,356 shares of the company's stock, valued at $127,796,111.20. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,713 shares of company stock valued at $154,267,457 over the last quarter. Corporate insiders own 4.09% of the company's stock.

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.