Fortitude Advisory Group L.L.C. Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Fortitude Advisory Group L.L.C. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227 shares of the aerospace company’s stock after purchasing an additional 16 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in TransDigm Group were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC raised its stake in TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 8 shares during the period. Rothschild Investment LLC grew its holdings in shares of TransDigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of TransDigm Group by 3.4% during the 4th quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company’s stock worth $350,000 after purchasing an additional 9 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of TransDigm Group by 0.3% in the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company’s stock worth $3,723,000 after purchasing an additional 9 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its position in TransDigm Group by 2.2% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 475 shares of the aerospace company’s stock valued at $602,000 after purchasing an additional 10 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In related news, CFO Sarah Wynne sold 1,800 shares of TransDigm Group stock in a transaction on Friday, June 13th. The stock was 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 directly owns 3,400 shares in the company, valued at $4,930,000. The trade was a 34.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,300 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,758,480. This represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,413 shares of company stock valued at $198,508,074 over the last ninety days. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial cut 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 note on Thursday, April 17th. Wells Fargo & Company boosted their target price on shares of 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. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,505.23.

TransDigm Group Stock Performance

TDG opened at $1,425.74 on Tuesday. The stock’s fifty day moving average is $1,402.18 and its 200-day moving average is $1,345.74. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The company has a market capitalization of $80.08 billion, a PE ratio of 50.29, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.99 EPS. On average, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.