TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 212 shares of the aerospace company's stock after selling 1,729 shares during the quarter. Snowden Capital Advisors LLC's holdings in TransDigm Group were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capital Advisors Ltd. LLC raised its holdings 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 purchasing an additional 16 shares during the period. Meeder Asset Management Inc. raised its holdings in TransDigm Group by 210.0% in the 4th 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. Sachetta LLC raised its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares during the period. CENTRAL TRUST Co raised its holdings in TransDigm Group by 280.0% in the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after purchasing an additional 42 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in TransDigm Group in the 4th quarter worth about $73,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity

In related news, Director Sean P. Hennessy sold 4,700 shares of the company's 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 value of $6,751,644.00. Following the transaction, the director now directly owns 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% 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 W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock worth $208,099,857 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. 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. Susquehanna boosted their price objective 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. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, 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 note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,490.20.

TransDigm Group Price Performance

TDG stock opened at $1,406.48 on Friday. The business has a 50 day simple moving average of $1,366.85 and a 200-day simple moving average of $1,327.11. The firm has a market capitalization of $79.00 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. 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 results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion during 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 was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $7.99 earnings per share. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS 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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