TransDigm Group Incorporated (NYSE:TDG) Holdings Increased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,557 shares of the aerospace company’s stock after acquiring an additional 34 shares during the period. Sigma Investment Counselors Inc.’s holdings in TransDigm Group were worth $4,508,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Souders Financial Advisors boosted its stake in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. boosted its stake in TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after buying an additional 8 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC raised its position in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares in the last quarter. Finally, CX Institutional lifted its holdings in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 9 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TDG shares. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Truist Financial boosted their target price on 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,647 shares of company stock worth $151,878,163. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,291.58 on Friday. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The company has a market capitalization of $72.43 billion, a PE ratio of 45.56, a PEG ratio of 2.76 and a beta of 1.40. The company’s 50 day moving average price is $1,306.71 and its 200 day moving average price is $1,320.43.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that TransDigm Group Incorporated will post 35.13 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.