TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298 shares of the aerospace company’s stock after selling 8 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in TransDigm Group were worth $401,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services acquired a new stake in TransDigm Group during the 3rd quarter worth about $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group during the third quarter worth about $29,000. Trust Co. of Vermont increased its holdings in 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 buying an additional 15 shares during the period. Versant Capital Management Inc raised its position 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 buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC lifted its stake in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 2.3 %

TDG opened at $1,329.35 on Monday. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32. The company has a market cap of $74.55 billion, a PE ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The company has a 50-day moving average price of $1,294.68 and a 200 day moving average price of $1,314.59.

TransDigm Group (NYSE:TDG) last released 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 negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $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 89,525 shares of company stock valued at $112,769,801 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

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.