TransDigm Group Incorporated (NYSE:TDG) Stake Lessened by TFC Financial Management Inc.

TFC Financial Management Inc. trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57 shares of the aerospace company’s stock after selling 28 shares during the period. TFC Financial Management Inc.’s holdings in TransDigm Group were worth $72,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TDG. Ritholtz Wealth Management bought a new stake in TransDigm Group during the third quarter worth approximately $247,000. Exchange Traded Concepts LLC boosted its holdings in TransDigm Group by 133.2% during the third quarter. Exchange Traded Concepts LLC now owns 702 shares of the aerospace company’s stock worth $1,002,000 after buying an additional 401 shares in the last quarter. CX Institutional bought a new stake in TransDigm Group during the third quarter worth approximately $237,000. Creative Planning lifted its position in shares of TransDigm Group by 3.9% in the 3rd quarter. Creative Planning now owns 5,846 shares of the aerospace company’s stock valued at $8,343,000 after acquiring an additional 222 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of TransDigm Group by 3.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 580 shares of the aerospace company’s stock valued at $828,000 after acquiring an additional 17 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated 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 directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This represents a 6.29 % 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 in the last ninety days. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the subject of several research analyst reports. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. KeyCorp upped their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Citigroup increased their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Price Performance

NYSE TDG opened at $1,353.69 on Thursday. The company’s fifty day moving average is $1,298.24 and its two-hundred day moving average is $1,316.72. The firm has a market capitalization of $75.91 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 52-week low of $1,100.86 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm earned $7.16 EPS. The firm’s revenue for the quarter 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 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.