HBK Sorce Advisory LLC Sells 38 Shares of TransDigm Group Incorporated (NYSE:TDG)

HBK Sorce Advisory LLC lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 290 shares of the aerospace company’s stock after selling 38 shares during the period. HBK Sorce Advisory LLC’s holdings in TransDigm Group were worth $368,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc raised its stake in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares during the period. Finally, Sachetta LLC raised its stake in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 18 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,594 shares of company stock worth $164,002,398 over the last quarter. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Price Performance

TDG stock opened at $1,346.98 on Friday. The business has a 50-day moving average price of $1,326.27 and a 200 day moving average price of $1,327.32. The company has a market capitalization of $75.55 billion, a P/E ratio of 47.51, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $7.16 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.