Welch & Forbes LLC Takes $224,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Welch & Forbes LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 177 shares of the aerospace company’s stock, valued at approximately $224,000.

Other large investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. acquired a new stake in TransDigm Group in the 4th quarter valued at about $410,000. Lindbrook Capital LLC raised its holdings in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares in the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of TransDigm Group by 29.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 236 shares of the aerospace company’s stock worth $299,000 after purchasing an additional 53 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in TransDigm Group during the fourth quarter valued at approximately $100,811,000. Finally, Promus Capital LLC bought a new stake in TransDigm Group during the fourth quarter worth approximately $378,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. 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 three months. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,339.77 on Friday. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The firm has a market cap of $75.14 billion, a PE ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38. The firm’s 50 day moving average price is $1,319.94 and its two-hundred day moving average price is $1,326.72.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 earnings per share. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Barclays reiterated 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. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial upped their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group 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.