Prime Capital Investment Advisors LLC Has $4.30 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Prime Capital Investment Advisors LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,366 shares of the aerospace company’s stock after selling 422 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in TransDigm Group were worth $4,300,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TDG. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC bought a new position in shares of TransDigm Group during the first quarter valued at $30,000. Meeder Asset Management Inc. lifted its holdings in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group during the first quarter valued at $39,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of TransDigm Group during the fourth quarter valued at $43,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Truist Financial lifted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, UBS Group cut their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,469,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.5 %

Shares of TDG stock opened at $1,367.76 on Monday. The stock has a 50-day moving average price of $1,281.89 and a 200 day moving average price of $1,269.09. The firm has a market cap of $76.54 billion, a price-to-earnings ratio of 54.25, a PEG ratio of 2.12 and a beta of 1.42. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,380.83.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned $6.55 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

TransDigm Group Company Profile

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.