Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,329 shares of the aerospace company’s stock, valued at approximately $7,133,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TDG. Kayne Anderson Rudnick Investment Management LLC acquired a new position in TransDigm Group during the third quarter worth about $27,000. Guardian Wealth Advisors LLC acquired a new stake in shares of TransDigm Group in the third quarter valued at approximately $33,000. Kistler Tiffany Companies LLC grew its position in shares of TransDigm Group by 1,675.0% in the fourth quarter. Kistler Tiffany Companies LLC now owns 71 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 67 shares during the last quarter. Column Capital Advisors LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $45,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $67,000. 96.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TDG has been the topic of a number of analyst reports. Susquehanna raised their target price on shares of TransDigm Group from $750.00 to $820.00 in a research report on Wednesday, May 10th. Truist Financial increased their price target on shares of TransDigm Group from $840.00 to $870.00 in a research note on Wednesday, May 10th. Morgan Stanley increased their price target on shares of TransDigm Group from $793.00 to $1,000.00 in a research note on Monday, May 15th. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $725.00 to $840.00 in a report on Thursday, May 11th. Finally, StockNews.com started coverage on shares of TransDigm Group in a report on Thursday, May 18th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $834.71.
TransDigm Group Stock Performance
TransDigm Group (NYSE:TDG – Get Rating) last released its earnings results on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share for the quarter, topping the consensus estimate of $4.98 by $1.00. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. TransDigm Group had a net margin of 17.57% and a negative return on equity of 34.11%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.29 EPS. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 21.57 earnings per share for the current fiscal year.
Insider Activity at TransDigm Group
In related news, CAO Sarah Wynne sold 180 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total transaction of $129,673.80. Following the completion of the sale, the chief accounting officer now owns 700 shares of the company’s stock, valued at approximately $504,287. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director W Nicholas Howley sold 9,644 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $775.27, for a total transaction of $7,476,703.88. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $16,705,517.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sarah Wynne sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total transaction of $129,673.80. Following the sale, the chief accounting officer now owns 700 shares in the company, valued at approximately $504,287. The disclosure for this sale can be found here. Insiders sold a total of 26,074 shares of company stock valued at $19,663,423 in the last quarter. Insiders own 7.18% of the company’s stock.
TransDigm Group Profile
TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
- Get a free copy of the StockNews.com research report on TransDigm Group (TDG)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.