Trust Point Inc. Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Trust Point Inc. lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 416 shares of the aerospace company’s stock after acquiring an additional 13 shares during the period. Trust Point Inc.’s holdings in TransDigm Group were worth $575,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors grew its stake in TransDigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock valued at $4,805,434,000 after purchasing an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. Finally, FMR LLC grew its stake in TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after purchasing an additional 5,414 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

NYSE:TDG opened at $1,425.74 on Tuesday. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The firm has a market capitalization of $80.08 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.76 and a beta of 1.05. The business has a 50 day simple moving average of $1,402.18 and a 200 day simple moving average of $1,345.74.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $7.99 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,010,072.40. The trade was a 20.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the transaction, the chief financial officer now owns 3,400 shares of the company’s stock, valued at $4,930,000. This represents a 34.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,413 shares of company stock worth $198,508,074 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TDG. UBS Group raised their price objective 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. Susquehanna raised their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Wells Fargo & Company raised their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Truist Financial decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,505.23.

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.