Meadow Creek Wealth Advisors LLC Buys New Shares in TransDigm Group Incorporated (NYSE:TDG)

Meadow Creek Wealth Advisors LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 806 shares of the aerospace company’s stock, valued at approximately $815,000. TransDigm Group comprises about 0.8% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baird Financial Group Inc. grew its holdings in TransDigm Group by 4.7% in the 2nd quarter. Baird Financial Group Inc. now owns 4,175 shares of the aerospace company’s stock worth $3,733,000 after acquiring an additional 186 shares during the last quarter. Fund Management at Engine No. 1 LLC grew its holdings in TransDigm Group by 7.9% in the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 679 shares of the aerospace company’s stock worth $607,000 after acquiring an additional 50 shares during the last quarter. Townsquare Capital LLC grew its holdings in TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after acquiring an additional 114 shares during the last quarter. Quantbot Technologies LP bought a new stake in TransDigm Group in the 3rd quarter worth $1,421,000. Finally, Hixon Zuercher LLC grew its holdings in TransDigm Group by 10.1% in the 4th quarter. Hixon Zuercher LLC now owns 2,283 shares of the aerospace company’s stock worth $2,309,000 after acquiring an additional 209 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, Director Jorge Valladares sold 578 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $12,980,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $21,872,297.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorge Valladares sold 578 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The disclosure for this sale can be found here. Insiders sold a total of 91,480 shares of company stock valued at $100,102,829 over the last three months. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 0.2 %

TransDigm Group stock traded down $2.20 during trading hours on Thursday, hitting $1,231.60. The stock had a trading volume of 160,438 shares, compared to its average volume of 215,123. The stock has a market capitalization of $68.48 billion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $714.98 and a 12-month high of $1,238.95. The stock’s 50-day moving average price is $1,151.05 and its 200-day moving average price is $1,004.27.

TransDigm Group (NYSE:TDG) last announced its 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 during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $4.15 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. On average, research analysts expect that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. KeyCorp raised their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Susquehanna raised their target price on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. William Blair assumed coverage on shares of TransDigm Group in a research report on Tuesday, December 12th. They issued an “outperform” rating for the company. Royal Bank of Canada raised their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Truist Financial raised their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,119.00.

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.