McHugh Group LLC Takes $1.28 Million Position in TransDigm Group Incorporated (NYSE:TDG)

McHugh Group LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,010 shares of the aerospace company’s stock, valued at approximately $1,280,000. TransDigm Group makes up 1.0% of McHugh Group LLC’s portfolio, making the stock its 19th biggest holding.

Other large investors also recently bought and sold shares of the company. Souders Financial Advisors increased its holdings in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. grew its position in TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after purchasing an additional 8 shares in the last quarter. CX Institutional raised its holdings in TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after buying an additional 9 shares during the last quarter. Finally, Western Financial Corp CA lifted its stake in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDG. Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 over the last quarter. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Trading Down 1.2 %

TDG opened at $1,292.03 on Thursday. The firm’s 50 day simple moving average is $1,291.32 and its two-hundred day simple moving average is $1,314.15. The company has a market capitalization of $72.41 billion, a PE ratio of 50.47, a PEG ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 1-year low of $1,100.86 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the firm earned $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts forecast that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

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.