TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,557 shares of the aerospace company’s stock after acquiring an additional 34 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in TransDigm Group were worth $4,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in shares of TransDigm Group by 22.9% during the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock worth $2,494,000 after purchasing an additional 325 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after acquiring an additional 48,833 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in TransDigm Group by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 494 shares of the aerospace company’s stock worth $705,000 after acquiring an additional 94 shares during the period. DT Investment Partners LLC grew its position in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $718,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 1.6 %

Shares of TDG stock opened at $1,291.58 on Friday. The company has a market cap of $72.43 billion, a P/E ratio of 45.56, a PEG ratio of 2.76 and a beta of 1.40. The business has a 50 day moving average of $1,306.71 and a two-hundred day moving average of $1,320.43. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. 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 previous year, the firm posted $7.16 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDG. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, 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 report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,647 shares of company stock worth $151,878,163. Insiders own 4.09% of the company’s stock.

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.