abrdn plc Buys 69 Shares of TransDigm Group Incorporated (NYSE:TDG)

abrdn plc boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,953 shares of the aerospace company’s stock after purchasing an additional 69 shares during the quarter. abrdn plc’s holdings in TransDigm Group were worth $13,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group during the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group in the fourth quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. Optiver Holding B.V. bought a new stake in shares of TransDigm Group in the third quarter valued at about $35,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of TransDigm Group in the third quarter valued at about $41,000. 95.78% of the stock is owned by institutional investors.

Insider Activity

In related news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the sale, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the sale, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’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 $4,105,728. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last quarter. 4.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDG. Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. KeyCorp boosted their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial boosted their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus boosted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,257.36 on Friday. The business has a 50 day moving average of $1,200.78 and a 200-day moving average of $1,057.32. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,265.25. The company has a market capitalization of $69.92 billion, a P/E ratio of 53.37, a P/E/G ratio of 2.53 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released 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 company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $4.15 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current 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.