Transdigm Group Incorporated (NYSE:TDG) Shares Bought by Red Door Wealth Management LLC

Red Door Wealth Management LLC increased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,228 shares of the aerospace company's stock after purchasing an additional 500 shares during the quarter. Transdigm Group comprises about 1.7% of Red Door Wealth Management LLC's portfolio, making the stock its 14th biggest holding. Red Door Wealth Management LLC's holdings in Transdigm Group were worth $11,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Transdigm Group by 177,412.3% during the 1st 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 acquired a new position in Transdigm Group during the fourth quarter worth about $973,353,000. Edgewood Management LLC bought a new stake in Transdigm Group in the fourth quarter worth about $399,595,000. JPMorgan Chase & Co. raised its position in Transdigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Transdigm Group by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after acquiring an additional 159,839 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

TDG has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial cut 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. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. UBS Group boosted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,532.47.

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,300 shares of the business's 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the transaction, the chief financial officer now owns 3,400 shares in the company, valued at $4,930,000. This represents a 34.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,502.93 on Monday. The stock has a market cap of $84.42 billion, a PE ratio of 50.74, a price-to-earnings-growth ratio of 3.20 and a beta of 1.05. Transdigm Group Incorporated has a fifty-two week low of $1,002.99 and a fifty-two week high of $1,503.15. The stock's 50-day moving average is $1,424.74 and its two-hundred day moving average is $1,357.43.

Transdigm Group (NYSE:TDG - Get Free Report) last announced 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. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $7.99 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

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.

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