Janney Montgomery Scott LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 574.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,406 shares of the aerospace company’s stock after buying an additional 14,827 shares during the period. Janney Montgomery Scott LLC’s holdings in TransDigm Group were worth $11,341,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TDG. National Bank of Canada FI acquired a new stake in TransDigm Group in the 4th quarter valued at about $131,000. Regentatlantic Capital LLC raised its holdings in TransDigm Group by 35.7% in the fourth quarter. Regentatlantic Capital LLC now owns 734 shares of the aerospace company’s stock valued at $467,000 after buying an additional 193 shares during the period. Cedar Brook Financial Partners LLC raised its stake in shares of TransDigm Group by 31.2% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 471 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 112 shares during the period. Stevens Capital Management LP purchased a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $497,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of TransDigm Group in the fourth quarter worth $2,387,000. Institutional investors and hedge funds own 99.33% of the company’s stock.
Analysts Set New Price Targets
TDG has been the subject of a number of research reports. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. Susquehanna Bancshares cut their price objective on TransDigm Group from $720.00 to $620.00 in a report on Wednesday, May 11th. Susquehanna lowered their target price on TransDigm Group from $720.00 to $620.00 in a research note on Wednesday, May 11th. Truist Financial decreased their target price on TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company cut their price target on TransDigm Group from $700.00 to $620.00 in a report on Wednesday, May 11th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $703.29.
TransDigm Group Stock Up 2.3 %
TransDigm Group (NYSE:TDG – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The aerospace company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.02). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. TransDigm Group had a net margin of 17.70% and a negative return on equity of 27.39%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 earnings per share. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 14.54 EPS for the current fiscal year.
Insider Transactions at TransDigm Group
In related news, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $539.63, for a total transaction of $6,205,745.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $11,627,947.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $539.63, for a total transaction of $6,205,745.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $11,627,947.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small acquired 28,453 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $565.00 per share, with a total value of $16,075,945.00. Following the completion of the acquisition, the director now directly owns 2,415,931 shares in the company, valued at $1,365,001,015. The disclosure for this purchase can be found here. 8.96% 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. Its 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.
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