Brown Miller Wealth Management LLC Makes New $306,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Brown Miller Wealth Management LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 221 shares of the aerospace company’s stock, valued at approximately $306,000.

Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. boosted its holdings in shares of TransDigm Group by 89.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after buying an additional 1,553 shares during the last quarter. Paragon Advisors LLC boosted its holdings in shares of TransDigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock valued at $2,490,000 after buying an additional 224 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of TransDigm Group by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock valued at $10,840,000 after buying an additional 385 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of TransDigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after buying an additional 599 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of TransDigm Group by 3.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG opened at $1,425.74 on Tuesday. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The company 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 stock has a fifty day moving average of $1,402.18 and a 200-day moving average of $1,345.74.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $7.99 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, CFO Sarah Wynne sold 1,800 shares of the firm’s 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 owns 3,400 shares in the company, valued at approximately $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 49,241 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,413 shares of company stock valued at $198,508,074. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDG shares. Wells Fargo & Company increased their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Truist Financial cut their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Wall Street Zen raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Finally, UBS Group raised their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,505.23.

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.