TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Allred Capital Management LLC

Allred Capital Management LLC lessened its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 833 shares of the aerospace company’s stock after selling 154 shares during the quarter. Allred Capital Management LLC’s holdings in TransDigm Group were worth $542,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cordasco Financial Network purchased a new position in TransDigm Group in the 1st quarter valued at $35,000. Duncker Streett & Co. Inc. purchased a new position in shares of TransDigm Group in the 4th quarter valued at about $35,000. Pittenger & Anderson Inc. boosted its stake in shares of TransDigm Group by 132.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 58 shares of the aerospace company’s stock valued at $37,000 after buying an additional 33 shares during the period. Ten Capital Wealth Advisors LLC purchased a new stake in TransDigm Group during the fourth quarter worth approximately $48,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in TransDigm Group during the first quarter worth approximately $65,000. Hedge funds and other institutional investors own 99.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on TransDigm Group from $700.00 to $620.00 in a research report on Wednesday, May 11th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 19th. Truist Financial dropped their price target on TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Susquehanna reduced their price target on TransDigm Group from $720.00 to $620.00 in a report on Wednesday, May 11th. Finally, Susquehanna Bancshares lowered their target price on TransDigm Group from $720.00 to $620.00 in a research report on Wednesday, May 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $703.29.

TransDigm Group Stock Up 0.4 %

TDG traded up $2.56 during midday trading on Thursday, hitting $602.23. The company had a trading volume of 4,814 shares, compared to its average volume of 328,397. TransDigm Group Incorporated has a 52 week low of $500.08 and a 52 week high of $686.06. The company has a market capitalization of $32.89 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 1.66 and a beta of 1.43. The stock’s 50 day moving average price is $562.00 and its 200 day moving average price is $607.38.

TransDigm Group (NYSE:TDGGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The aerospace company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.02). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TransDigm Group had a negative return on equity of 27.39% and a net margin of 17.70%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 14.54 EPS for the current year.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 11,500 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $540.70, for a total value of $6,218,050.00. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $11,651,003.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director W Nicholas Howley sold 11,500 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $11,651,003.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small bought 19,398 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average cost of $544.09 per share, for a total transaction of $10,554,257.82. Following the acquisition, the director now owns 185,086 shares in the company, valued at approximately $100,703,441.74. The disclosure for this purchase can be found here. 8.96% of the stock is currently owned by insiders.

TransDigm Group Company Profile

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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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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