Avestar Capital LLC Buys 181 Shares of TransDigm Group Incorporated (NYSE:TDG)

Avestar Capital LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 792 shares of the aerospace company’s stock after acquiring an additional 181 shares during the period. Avestar Capital LLC’s holdings in TransDigm Group were worth $1,004,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Marks Group Wealth Management Inc increased its holdings in shares of TransDigm Group by 6.4% during the fourth quarter. Marks Group Wealth Management Inc now owns 2,606 shares of the aerospace company’s stock worth $3,303,000 after buying an additional 156 shares in the last quarter. TFB Advisors LLC boosted its holdings in shares of TransDigm Group by 2.3% in the 4th quarter. TFB Advisors LLC now owns 399 shares of the aerospace company’s stock worth $506,000 after acquiring an additional 9 shares in the last quarter. Quent Capital LLC grew its position in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares during the last quarter. Panoramic Capital Partners LLC acquired a new stake in TransDigm Group during the 4th quarter valued at $209,000. Finally, Ferguson Wellman Capital Management Inc. raised its position in TransDigm Group by 7.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 323 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 22 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDG shares. Barclays restated an “equal weight” rating and set a $1,500.00 target price 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. Truist Financial boosted their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. KeyCorp increased their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,462.35.

TransDigm Group Stock Down 1.2 %

NYSE:TDG opened at $1,337.25 on Friday. The stock’s fifty day simple moving average is $1,299.18 and its 200-day simple moving average is $1,316.98. The firm has a market capitalization of $74.99 billion, a P/E ratio of 47.17, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,128.51 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $7.16 earnings per share. As a group, equities research analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’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 sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,525 shares of company stock valued at $139,851,401 in the last 90 days. 4.09% of the stock is owned by insiders.

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.