PDS Planning Inc Raises Stake in Transdigm Group Incorporated (NYSE:TDG)

PDS Planning Inc raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 11.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192 shares of the aerospace company’s stock after buying an additional 19 shares during the quarter. PDS Planning Inc’s holdings in Transdigm Group were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in Transdigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after acquiring an additional 8 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Transdigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock valued at $95,000 after purchasing an additional 8 shares during the period. Balefire LLC grew its position in shares of Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 8 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of Transdigm Group by 0.3% during the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company’s stock valued at $3,723,000 after purchasing an additional 9 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in shares of Transdigm Group by 5.1% in the fourth quarter. AMG National Trust Bank now owns 206 shares of the aerospace company’s stock worth $261,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were 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 owns 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,400 shares of the company’s stock, valued at $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is owned by insiders.

Transdigm Group Trading Up 2.1%

TDG opened at $1,502.93 on Friday. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,503.15. The business’s 50-day moving average price is $1,424.74 and its 200-day moving average price is $1,355.87. The company has a market cap of $84.42 billion, a P/E ratio of 50.74, a P/E/G ratio of 3.14 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TDG shares. Truist Financial reduced their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus initiated coverage on Transdigm Group in a report on Tuesday. They set a “buy” rating and a $1,710.00 price objective for the company. Wall Street Zen raised shares of Transdigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company increased their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Four investment 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 company has an average rating of “Moderate Buy” and an average price target of $1,532.47.

About Transdigm Group

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.