Avestar Capital LLC Has $1 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Avestar Capital LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 29.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 792 shares of the aerospace company’s stock after buying an additional 181 shares during the quarter. Avestar Capital LLC’s holdings in TransDigm Group were worth $1,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Souders Financial Advisors lifted its holdings in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after buying an additional 8 shares during the last quarter. Prosperity Financial Group Inc. raised its position in TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after acquiring an additional 8 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC grew its position in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares in the last quarter. Finally, CX Institutional increased its stake in shares of TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,525 shares of company stock valued at $139,851,401 in the last quarter. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Down 1.2 %

Shares of TDG stock opened at $1,337.25 on Friday. TransDigm Group Incorporated has a 1 year low of $1,128.51 and a 1 year high of $1,451.32. The firm’s fifty day simple moving average is $1,299.18 and its 200 day simple moving average is $1,316.98. The firm has a market capitalization of $74.99 billion, a P/E ratio of 47.17, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts anticipate that TransDigm Group Incorporated will post 34.11 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.