Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,551 shares of the aerospace company’s stock after selling 978 shares during the quarter. Dupont Capital Management Corp’s holdings in Transdigm Group were worth $10,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC acquired a new stake in Transdigm Group during the first quarter worth $1,113,000. Paragon Advisors LLC increased its stake in Transdigm Group by 14.2% during the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock worth $2,490,000 after acquiring an additional 224 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in Transdigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock worth $4,202,000 after acquiring an additional 1,553 shares during the last quarter. DnB Asset Management AS grew its stake in shares of Transdigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after buying an additional 599 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Transdigm Group by 3.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $31,117,035.84. The trade was a 11.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,300 shares of Transdigm Group stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 in the last ninety days. Insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

TDG opened at $1,441.89 on Friday. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The stock has a market capitalization of $80.99 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 3.02 and a beta of 1.05. The business has a fifty day moving average price of $1,411.26 and a 200 day moving average price of $1,349.08.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm posted $7.99 EPS. Transdigm Group’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna lifted their price objective on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Truist Financial dropped their price objective on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. UBS Group lifted their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,505.23.

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.