Vident Advisory LLC Purchases 568 Shares of TransDigm Group Incorporated (NYSE:TDG)

Vident Advisory LLC grew its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,842 shares of the aerospace company's stock after purchasing an additional 568 shares during the quarter. Vident Advisory LLC's holdings in TransDigm Group were worth $4,870,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TDG. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% during 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 during the last quarter. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 21 shares in the last quarter. Sachetta LLC raised its position in shares of TransDigm Group by 105.9% during the fourth 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. Finally, CENTRAL TRUST Co raised its holdings in TransDigm Group by 280.0% during the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the subject of several research reports. Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. UBS Group raised their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company raised their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial dropped their price objective on shares of 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. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,490.20.

TransDigm Group Stock Up 2.0%

Shares of TransDigm Group stock traded up $28.78 during trading on Monday, hitting $1,433.93. 430,436 shares of the stock traded hands, compared to its average volume of 261,355. The firm's fifty day moving average is $1,368.69 and its 200-day moving average is $1,327.39. The stock has a market cap of $80.54 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company earned $7.99 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This represents a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock valued at $208,099,857 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

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.