Marks Group Wealth Management Inc Buys 156 Shares of TransDigm Group Incorporated (NYSE:TDG)

Marks Group Wealth Management Inc boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,606 shares of the aerospace company’s stock after buying an additional 156 shares during the quarter. Marks Group Wealth Management Inc’s holdings in TransDigm Group were worth $3,303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. First Personal Financial Services bought a new position in TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the 3rd quarter valued at about $29,000. Trust Co. of Vermont boosted its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc grew its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the period. Finally, DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Up 2.1 %

TransDigm Group stock opened at $1,362.91 on Wednesday. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32. The company has a 50 day moving average of $1,296.16 and a 200-day moving average of $1,315.82. The stock has a market capitalization of $76.43 billion, a PE ratio of 48.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $7.16 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TDG shares. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial raised 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. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

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.