Lindbrook Capital LLC Acquires 43 Shares of TransDigm Group Incorporated (NYSE:TDG)

Lindbrook Capital LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 51.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 127 shares of the aerospace company’s stock after buying an additional 43 shares during the quarter. Lindbrook Capital LLC’s holdings in TransDigm Group were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. abrdn plc raised its holdings in shares of TransDigm Group by 0.5% in the fourth quarter. abrdn plc now owns 12,953 shares of the aerospace company’s stock valued at $13,103,000 after buying an additional 69 shares during the last quarter. Greenleaf Trust increased its position in TransDigm Group by 1.2% in the fourth quarter. Greenleaf Trust now owns 1,403 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 17 shares during the period. Fidelis Capital Partners LLC increased its position in TransDigm Group by 5.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 862 shares of the aerospace company’s stock worth $872,000 after purchasing an additional 42 shares during the period. Xponance Inc. increased its position in TransDigm Group by 2.9% in the fourth quarter. Xponance Inc. now owns 7,697 shares of the aerospace company’s stock worth $7,786,000 after purchasing an additional 214 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group increased its position in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. In the last three months, insiders sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TDG. The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Barclays lifted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus boosted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

TransDigm Group Stock Performance

Shares of TDG opened at $1,241.95 on Wednesday. The stock has a 50 day simple moving average of $1,196.92 and a 200 day simple moving average of $1,054.61. TransDigm Group Incorporated has a 52-week low of $741.74 and a 52-week high of $1,248.39. The firm has a market capitalization of $69.06 billion, a PE ratio of 52.71, a P/E/G ratio of 2.44 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the firm earned $4.15 EPS. TransDigm Group’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

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.