TransDigm Group Incorporated (NYSE:TDG) Stake Reduced by Horizon Investments LLC

Horizon Investments LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 42.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 769 shares of the aerospace company’s stock after selling 561 shares during the quarter. Horizon Investments LLC’s holdings in TransDigm Group were worth $975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC boosted its stake in TransDigm Group by 93.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 469 shares of the aerospace company’s stock valued at $594,000 after purchasing an additional 226 shares during the period. Parallel Advisors LLC raised its holdings in shares of TransDigm Group by 85.8% during the fourth quarter. Parallel Advisors LLC now owns 862 shares of the aerospace company’s stock valued at $1,093,000 after buying an additional 398 shares during the last quarter. Cibc World Markets Corp boosted its position in shares of TransDigm Group by 16.6% during the fourth quarter. Cibc World Markets Corp now owns 8,863 shares of the aerospace company’s stock worth $11,232,000 after buying an additional 1,262 shares during the period. Glenview Trust co grew its holdings in TransDigm Group by 46.2% in the 4th quarter. Glenview Trust co now owns 1,231 shares of the aerospace company’s stock worth $1,560,000 after buying an additional 389 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in TransDigm Group by 180.9% in the 4th quarter. Corient Private Wealth LLC now owns 43,455 shares of the aerospace company’s stock valued at $55,072,000 after acquiring an additional 27,983 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. Citigroup boosted their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Finally, Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the 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 value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,337,618 over the last quarter. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 2.1 %

NYSE TDG opened at $1,370.81 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The company has a market cap of $76.88 billion, a PE ratio of 48.35, a PEG ratio of 2.76 and a beta of 1.38. The stock’s 50-day moving average price is $1,331.97 and its two-hundred day moving average price is $1,327.33.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results 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 net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.