Family Legacy Inc. Has $2.89 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Family Legacy Inc. increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,253 shares of the aerospace company’s stock after purchasing an additional 99 shares during the period. Family Legacy Inc.’s holdings in TransDigm Group were worth $2,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its position 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 purchasing an additional 8 shares during the period. Quent Capital LLC lifted its stake in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC boosted its position in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after buying an additional 8 shares in the last quarter. CX Institutional grew its stake in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after buying an additional 9 shares during the last quarter. Finally, Western Financial Corp CA increased its holdings in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Down 0.5 %

Shares of NYSE TDG opened at $1,377.22 on Monday. The firm has a market cap of $77.24 billion, a PE ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. The company’s fifty day simple moving average is $1,343.19 and its 200 day simple moving average is $1,329.73. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

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

Analysts Set New Price Targets

Several research firms recently weighed in on TDG. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. UBS Group upgraded 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. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,477.18.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares of the company’s stock, valued at $132,138,354.85. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 over the last quarter. 4.09% of the stock is currently owned by corporate insiders.

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.