TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,932 shares of the aerospace company's stock after selling 288 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in TransDigm Group were worth $6,250,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares during the period. Park Square Financial Group LLC acquired a new stake in TransDigm Group during the fourth quarter worth $32,000. Meeder Asset Management Inc. increased its stake in 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 acquiring an additional 21 shares during the last quarter. CENTRAL TRUST Co raised its position in TransDigm Group by 280.0% in 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 during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $73,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent analyst reports. 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. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. 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 upped their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Susquehanna lifted their target price 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. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,492.36.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Sean P. Hennessy sold 4,700 shares of TransDigm Group stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director now directly owns 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Monday, April 14th. The stock was 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 represents a 71.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,713 shares of company stock valued at $208,099,857. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $7.37 during trading on Wednesday, hitting $1,448.58. The company's stock had a trading volume of 173,541 shares, compared to its average volume of 261,848. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The business has a 50 day moving average price of $1,379.86 and a two-hundred day moving average price of $1,333.56. The company has a market capitalization of $81.36 billion, a PE ratio of 51.10, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm posted $7.99 EPS. TransDigm Group's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.