TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Scholtz & Company LLC

Scholtz & Company LLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 26.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,204 shares of the aerospace company’s stock after selling 1,866 shares during the period. TransDigm Group makes up approximately 3.1% of Scholtz & Company LLC’s investment portfolio, making the stock its 12th biggest holding. Scholtz & Company LLC’s holdings in TransDigm Group were worth $6,595,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its holdings in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after buying an additional 8 shares during the period. Quent Capital LLC increased its stake in shares of 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 during the period. Lindbrook Capital LLC raised its holdings in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares during the last quarter. CX Institutional lifted its position in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the period. Finally, Western Financial Corp CA boosted its holdings in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 0.9 %

NYSE:TDG opened at $1,395.22 on Wednesday. The stock has a 50 day moving average of $1,344.78 and a two-hundred day moving average of $1,330.16. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm has a market cap of $78.25 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous 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. On average, research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Finally, Truist Financial boosted their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,477.18.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by insiders.

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.