Scholtz & Company LLC Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

Scholtz & Company LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,204 shares of the aerospace company’s stock after selling 1,866 shares during the quarter. TransDigm Group accounts for about 3.1% of Scholtz & Company LLC’s investment portfolio, making the stock its 12th largest holding. Scholtz & Company LLC’s holdings in TransDigm Group were worth $6,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in TransDigm Group in the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC raised its holdings in shares of TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares during the period. Windacre Partnership LLC lifted its stake in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after acquiring an additional 217,700 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. grew its position in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.9 %

Shares of TransDigm Group stock opened at $1,395.22 on Wednesday. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm’s 50 day moving average is $1,344.78 and its two-hundred day moving average is $1,330.16. The firm has a market capitalization of $78.25 billion, a P/E ratio of 49.21, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business earned $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,594 shares of company stock valued at $165,646,468. Insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TDG shares. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup boosted 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 research note on Thursday, December 5th. Truist Financial increased their price objective on 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. Finally, Wells Fargo & Company boosted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,477.18.

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.