Solidarity Wealth LLC Decreases Holdings in Transdigm Group Incorporated (NYSE:TDG)

Solidarity Wealth LLC cut its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 72.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 527 shares of the aerospace company’s stock after selling 1,400 shares during the quarter. Solidarity Wealth LLC’s holdings in Transdigm Group were worth $729,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Norden Group LLC increased its position in shares of Transdigm Group by 2.4% during the 1st quarter. Norden Group LLC now owns 3,026 shares of the aerospace company’s stock valued at $4,186,000 after purchasing an additional 70 shares during the last quarter. TCW Group Inc. increased its position in shares of Transdigm Group by 14.1% during the 1st quarter. TCW Group Inc. now owns 21,950 shares of the aerospace company’s stock valued at $30,363,000 after purchasing an additional 2,706 shares during the last quarter. LPL Financial LLC increased its position in shares of Transdigm Group by 4.9% during the 1st quarter. LPL Financial LLC now owns 22,549 shares of the aerospace company’s stock valued at $31,192,000 after purchasing an additional 1,054 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Transdigm Group by 0.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,871 shares of the aerospace company’s stock valued at $53,770,000 after purchasing an additional 195 shares during the last quarter. Finally, Accretive Wealth Partners LLC increased its position in shares of Transdigm Group by 1.5% during the 1st quarter. Accretive Wealth Partners LLC now owns 1,312 shares of the aerospace company’s stock valued at $1,826,000 after purchasing an additional 20 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent research reports. UBS Group lifted their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wall Street Zen raised Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. KeyCorp lifted their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an “overweight” rating in a report on Wednesday, July 2nd. Susquehanna lifted their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Transdigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,606.47.

Insider Buying and Selling

In related news, Director Sean P. Hennessy sold 4,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the sale, the director owned 33,713 shares in the company, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of the business’s stock in a transaction that occurred 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 owned 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. Insiders have sold a total of 119,113 shares of company stock worth $173,419,391 over the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Trading Up 0.4%

Shares of TDG opened at $1,606.09 on Monday. The company has a market cap of $90.21 billion, a PE ratio of 54.22, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04. The stock has a 50-day moving average price of $1,489.82 and a 200-day moving average price of $1,396.89. Transdigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,615.35.

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