TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Interchange Capital Partners LLC

Interchange Capital Partners LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243 shares of the aerospace company’s stock after buying an additional 35 shares during the period. Interchange Capital Partners LLC’s holdings in TransDigm Group were worth $308,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TDG. Prospera Financial Services Inc purchased a new stake in TransDigm Group in the 3rd quarter valued at $207,000. Great Valley Advisor Group Inc. raised its holdings in shares of TransDigm Group by 9.6% in the third quarter. Great Valley Advisor Group Inc. now owns 1,360 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 119 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of TransDigm Group by 39.1% during the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock worth $10,373,000 after buying an additional 2,043 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of TransDigm Group by 14.7% during the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock worth $9,901,000 after buying an additional 888 shares during the last quarter. Finally, Prosperity Financial Group Inc. raised its stake 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 acquiring an additional 8 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on TDG shares. Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial raised their target price on shares of 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. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Up 2.7 %

Shares of TDG stock opened at $1,382.82 on Tuesday. The stock has a market cap of $77.56 billion, a P/E ratio of 48.78, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The business has a fifty day simple moving average of $1,337.26 and a 200-day simple moving average of $1,327.53.

TransDigm Group (NYSE:TDG) last posted its earnings results 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 net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $7.16 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last ninety days. Insiders own 4.09% of the company’s stock.

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.