470 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by Clearstead Trust LLC

Clearstead Trust LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 470 shares of the aerospace company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDG. National Bank of Canada FI lifted its stake in TransDigm Group by 27.0% during the 4th quarter. National Bank of Canada FI now owns 20,225 shares of the aerospace company’s stock valued at $20,067,000 after acquiring an additional 4,301 shares in the last quarter. Blue Fin Capital Inc. increased its stake in TransDigm Group by 25.1% in the 4th quarter. Blue Fin Capital Inc. now owns 911 shares of the aerospace company’s stock valued at $922,000 after buying an additional 183 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $899,000. M&T Bank Corp increased its position in shares of TransDigm Group by 2.1% during the fourth quarter. M&T Bank Corp now owns 8,028 shares of the aerospace company’s stock valued at $8,121,000 after acquiring an additional 164 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in TransDigm Group by 3.9% during the fourth quarter. Merit Financial Group LLC now owns 661 shares of the aerospace company’s stock worth $668,000 after acquiring an additional 25 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares in the company, valued at $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 ninety days. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

Shares of TDG traded up $22.02 during midday trading on Friday, hitting $1,293.80. 238,023 shares of the company traded hands, compared to its average volume of 179,038. The stock has a 50-day moving average of $1,212.23 and a 200-day moving average of $1,073.99. TransDigm Group Incorporated has a one year low of $750.86 and a one year high of $1,303.49. The firm has a market cap of $71.95 billion, a P/E ratio of 54.92, a PEG ratio of 2.59 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.15 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Analysts Set New Price Targets

TDG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Royal Bank of Canada raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,170.27.

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.