Clearstead Trust LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Clearstead Trust LLC acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, HoldingsChannel reports. The fund acquired 470 shares of the aerospace company’s stock, valued at approximately $475,000.

Several other institutional investors also recently bought and sold shares of TDG. Quent Capital LLC increased its holdings in shares of TransDigm Group by 8.8% in the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 10 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in TransDigm Group by 5.9% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of TransDigm Group by 14.5% during the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock valued at $88,000 after buying an additional 11 shares during the last quarter. Alcosta Capital Management Inc. boosted its holdings in shares of TransDigm Group by 0.3% in the 3rd quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock valued at $2,938,000 after buying an additional 12 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of TransDigm Group by 26.1% in the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock worth $49,000 after buying an additional 12 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna lifted their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Truist Financial boosted their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Barclays increased their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

TransDigm Group Trading Up 1.7 %

TransDigm Group stock traded up $22.02 during mid-day trading on Friday, hitting $1,293.80. The company had a trading volume of 238,023 shares, compared to its average volume of 179,038. The company has a market capitalization of $71.95 billion, a price-to-earnings ratio of 54.92, a P/E/G ratio of 2.59 and a beta of 1.40. The company’s fifty day moving average is $1,212.23 and its 200-day moving average is $1,073.99. TransDigm Group Incorporated has a 12-month low of $750.86 and a 12-month high of $1,303.49.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $4.15 earnings per share. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by corporate insiders.

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.