Main Management ETF Advisors LLC Sells 64 Shares of TransDigm Group Incorporated (NYSE:TDG)

Main Management ETF Advisors LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 712 shares of the aerospace company’s stock after selling 64 shares during the quarter. Main Management ETF Advisors LLC’s holdings in TransDigm Group were worth $902,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in TransDigm Group by 1.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,846 shares of the aerospace company’s stock valued at $19,165,000 after purchasing an additional 219 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $2,350,000. Nearwater Capital Markets Ltd purchased a new position in shares of TransDigm Group during the 4th quarter valued at $11,786,000. NorthRock Partners LLC increased its stake in TransDigm Group by 249.7% in the 4th quarter. NorthRock Partners LLC now owns 633 shares of the aerospace company’s stock worth $802,000 after buying an additional 452 shares in the last quarter. Finally, Numerai GP LLC lifted its position in shares of TransDigm Group by 464.1% in the fourth quarter. Numerai GP LLC now owns 818 shares of the aerospace company’s stock valued at $1,037,000 after acquiring an additional 673 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.0%

TDG stock opened at $1,417.26 on Wednesday. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The stock has a market cap of $79.60 billion, a PE ratio of 49.99, a P/E/G ratio of 2.76 and a beta of 1.09. The company has a 50-day moving average price of $1,355.98 and a 200 day moving average price of $1,322.61.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results 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. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $7.99 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 3,650 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This represents a 19.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 154,135 shares of company stock valued at $213,040,986 in the last three months. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Susquehanna boosted their price target on shares of 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. 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 report on Wednesday, May 7th. Finally, Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,490.20.

TransDigm Group Company 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.