F M Investments LLC Sells 63 Shares of TransDigm Group Incorporated (NYSE:TDG)

F M Investments LLC decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,762 shares of the aerospace company’s stock after selling 63 shares during the quarter. F M Investments LLC’s holdings in TransDigm Group were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA purchased a new stake in TransDigm Group during the 4th quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group in the fourth quarter worth about $26,000. Optiver Holding B.V. bought a new position in shares of TransDigm Group in the third quarter valued at approximately $35,000. Oliver Lagore Vanvalin Investment Group grew its stake in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in TransDigm Group during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, CFO Sarah Wynne sold 5,850 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the transaction, the chief financial officer now directly owns 700 shares of the company’s stock, valued at approximately $811,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TDG has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Susquehanna boosted their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Truist Financial increased their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, KeyCorp lifted their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday. Six investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Stock Performance

TDG traded up $41.02 on Tuesday, hitting $1,241.95. 241,683 shares of the company were exchanged, compared to its average volume of 207,432. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The firm has a fifty day simple moving average of $1,196.92 and a two-hundred day simple moving average of $1,054.61. The stock has a market capitalization of $69.06 billion, a PE ratio of 52.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business earned $4.15 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. On average, equities analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

About TransDigm Group

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.