Asset Planning Inc Buys Shares of 8,939 TransDigm Group Incorporated (NYSE:TDG)

Asset Planning Inc bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,939 shares of the aerospace company’s stock, valued at approximately $11,328,000. TransDigm Group comprises approximately 8.6% of Asset Planning Inc’s holdings, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the third quarter worth $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the third quarter worth $29,000. Trust Co. of Vermont increased its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC increased its stake in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,525 shares of company stock valued at $139,851,401. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TDG. Truist Financial increased their price objective 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. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Price Performance

TDG stock opened at $1,337.25 on Friday. The company has a market capitalization of $74.99 billion, a PE ratio of 47.17, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $1,128.51 and a 12 month high of $1,451.32. The firm’s 50-day moving average is $1,299.18 and its 200 day moving average is $1,316.98.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $7.16 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal 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.