Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 87.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110 shares of the aerospace company's stock after selling 745 shares during the period. Exchange Traded Concepts LLC's holdings in Transdigm Group were worth $152,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Transdigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. grew its stake in Transdigm Group by 210.0% in 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 in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Transdigm Group during the 4th quarter worth $74,000. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Price Performance

NYSE TDG traded up $31.07 during trading hours on Friday, reaching $1,502.93. The company's stock had a trading volume of 391,930 shares, compared to its average volume of 265,690. The firm has a market capitalization of $84.42 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 3.11 and a beta of 1.05. The company's 50-day moving average is $1,421.39 and its two-hundred day moving average is $1,354.20. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,503.06.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its 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 firm 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 38.71% and a net margin of 21.09%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $7.99 EPS. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group boosted their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Susquehanna boosted their price objective on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Truist Financial lowered their price target 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. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,532.47.

Insider Activity

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,846,958.38. This trade represents a 71.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock worth $202,651,767 over the last 90 days. 4.09% of the stock is currently owned by company insiders.

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.