NorthRock Partners LLC Purchases 452 Shares of TransDigm Group Incorporated (NYSE:TDG)

NorthRock Partners LLC increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 249.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633 shares of the aerospace company's stock after acquiring an additional 452 shares during the period. NorthRock Partners LLC's holdings in TransDigm Group were worth $802,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. 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. raised its stake in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares during the period. Sachetta LLC raised its stake in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares during the period. Finally, CENTRAL TRUST Co raised its stake 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. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,896,144. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,485 shares of company stock worth $208,214,992. Company insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TDG. Susquehanna raised 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. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company raised their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group lifted their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Truist Financial dropped their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

TransDigm Group Trading Up 1.1%

Shares of TransDigm Group stock traded up $15.62 on Monday, reaching $1,438.79. 229,968 shares of the company were exchanged, compared to its average volume of 260,041. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The company has a market capitalization of $80.81 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 2.76 and a beta of 1.09. The company has a 50-day moving average of $1,360.42 and a 200 day moving average of $1,324.25.

TransDigm Group (NYSE:TDG - Get Free Report) last announced 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 company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 EPS. The business's revenue was up 12.0% compared to the same quarter last year. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current 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.