TransDigm Group Incorporated (NYSE:TDG) Position Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556 shares of the aerospace company’s stock after acquiring an additional 64 shares during the period. SRS Capital Advisors Inc.’s holdings in TransDigm Group were worth $1,574,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TDG. Deutsche Bank AG boosted its position in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after acquiring an additional 3,225,771 shares during the period. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of TransDigm Group by 34,288.0% during the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after purchasing an additional 205,042 shares during the period. FMR LLC grew its position in TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after buying an additional 104,433 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $18.87 during midday trading on Thursday, hitting $1,268.19. The company’s stock had a trading volume of 113,325 shares, compared to its average volume of 204,779. The stock’s 50 day simple moving average is $1,208.75 and its 200 day simple moving average is $1,069.59. The stock has a market capitalization of $70.52 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 2.54 and a beta of 1.40. TransDigm Group Incorporated has a fifty-two week low of $750.86 and a fifty-two week high of $1,274.22.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.15 earnings per share. As a group, analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 over the last quarter. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

TDG has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Citigroup boosted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Royal Bank of Canada upped their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, Truist Financial increased their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

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.