Delta Investment Management LLC Trims Holdings in TransDigm Group Incorporated (NYSE:TDG)

Delta Investment Management LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,317 shares of the aerospace company's stock after selling 1,361 shares during the quarter. TransDigm Group accounts for approximately 2.3% of Delta Investment Management LLC's portfolio, making the stock its 12th largest holding. Delta Investment Management LLC's holdings in TransDigm Group were worth $9,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in shares of TransDigm Group by 2,361.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company's stock worth $79,909,000 after buying an additional 75,784 shares during the last quarter. Townsquare Capital LLC lifted its holdings in TransDigm Group by 4.5% during the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company's stock valued at $2,235,000 after purchasing an additional 114 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in TransDigm Group by 26.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company's stock valued at $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in TransDigm Group by 14.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company's stock valued at $7,490,000 after purchasing an additional 962 shares during the last quarter. Finally, Chicago Capital LLC lifted its holdings in TransDigm Group by 3.3% during the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company's stock valued at $48,877,000 after purchasing an additional 1,523 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 9,381 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $1,165.00, for a total value of $10,928,865.00. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at $25,103,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on TDG. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a report on Wednesday, March 27th. Barclays upped their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a research report on Monday, February 12th. The Goldman Sachs Group upped their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Truist Financial upped their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus upped their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a "hold" rating in a research report on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,170.27.

TransDigm Group Price Performance

NYSE TDG traded up $2.57 on Friday, reaching $1,259.15. 140,898 shares of the company's stock traded hands, compared to its average volume of 175,670. TransDigm Group Incorporated has a 12 month low of $745.65 and a 12 month high of $1,269.51. The stock has a 50-day simple moving average of $1,203.04 and a 200 day simple moving average of $1,062.76. The stock has a market cap of $70.02 billion, a PE ratio of 53.44, a P/E/G ratio of 2.56 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating analysts' consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the business earned $4.15 earnings per share. The business's quarterly revenue was up 28.1% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS 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.