Bleakley Financial Group LLC Acquires 19 Shares of TransDigm Group Incorporated (NYSE:TDG)

Bleakley Financial Group LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,590 shares of the aerospace company’s stock after purchasing an additional 19 shares during the quarter. Bleakley Financial Group LLC’s holdings in TransDigm Group were worth $2,015,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Atomi Financial Group Inc. bought a new position in TransDigm Group during the 3rd quarter worth approximately $280,000. Wedmont Private Capital boosted its stake in shares of TransDigm Group by 4.6% during the third quarter. Wedmont Private Capital now owns 746 shares of the aerospace company’s stock valued at $1,012,000 after purchasing an additional 33 shares during the period. Quotient Wealth Partners LLC bought a new position in shares of TransDigm Group in the third quarter worth approximately $217,000. Strong Tower Advisory Services increased its stake in shares of TransDigm Group by 3.2% in the third quarter. Strong Tower Advisory Services now owns 641 shares of the aerospace company’s stock worth $914,000 after buying an additional 20 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in TransDigm Group by 207.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 246 shares of the aerospace company’s stock valued at $351,000 after buying an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction 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 $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Up 2.3 %

NYSE:TDG opened at $1,329.35 on Friday. The stock has a market cap of $74.50 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 3.06 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. The company’s 50 day moving average price is $1,293.18 and its 200-day moving average price is $1,313.89.

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 the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.16 earnings per share. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TDG. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial lifted their price objective 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. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday. Finally, KeyCorp lifted their price objective on 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,462.35.

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.