Los Angeles Capital Management LLC Sells 192 Shares of TransDigm Group Incorporated (NYSE:TDG)

Los Angeles Capital Management LLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,986 shares of the aerospace company’s stock after selling 192 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TransDigm Group were worth $17,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in TransDigm Group during the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC raised its stake in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the period. Finally, 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 valued at $33,000 after purchasing an additional 18 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,336.21 on Wednesday. The stock has a market cap of $74.94 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The stock has a 50 day moving average price of $1,308.65 and a 200-day moving average price of $1,322.47. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 EPS. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial raised their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock worth $155,847,223 in the last quarter. 4.09% of the stock is owned by company insiders.

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.