Frisch Financial Group Inc. Invests $405,000 in TransDigm Group Incorporated (NYSE:TDG)

Frisch Financial Group Inc. purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 317 shares of the aerospace company’s stock, valued at approximately $405,000.

A number of other hedge funds have also made changes to their positions in TDG. Janney Montgomery Scott LLC grew its position in shares of TransDigm Group by 6.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,264 shares of the aerospace company’s stock worth $8,361,000 after buying an additional 506 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of TransDigm Group by 49.3% during the fourth quarter. Great Lakes Advisors LLC now owns 1,892 shares of the aerospace company’s stock worth $1,914,000 after buying an additional 625 shares in the last quarter. Brown Advisory Inc. grew its position in shares of TransDigm Group by 1.4% during the fourth quarter. Brown Advisory Inc. now owns 16,344 shares of the aerospace company’s stock worth $16,534,000 after buying an additional 230 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of TransDigm Group by 19.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,969 shares of the aerospace company’s stock worth $1,992,000 after buying an additional 327 shares in the last quarter. Finally, UBS Group AG boosted its holdings in TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after purchasing an additional 3,120 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group decreased their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Bank of America lifted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,438.24.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Up 0.4 %

Shares of NYSE TDG opened at $1,373.19 on Tuesday. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,388.41. The firm’s 50-day simple moving average is $1,283.91 and its 200 day simple moving average is $1,270.47. The stock has a market cap of $76.84 billion, a P/E ratio of 54.47, a P/E/G ratio of 2.12 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $6.55 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share 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.