Apollon Wealth Management LLC Has $879,000 Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Apollon Wealth Management LLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 694 shares of the aerospace company’s stock after selling 137 shares during the quarter. Apollon Wealth Management LLC’s holdings in TransDigm Group were worth $879,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mezzasalma Advisors LLC lifted its position in shares of TransDigm Group by 2.1% in the fourth quarter. Mezzasalma Advisors LLC now owns 2,531 shares of the aerospace company’s stock valued at $3,207,000 after buying an additional 51 shares during the last quarter. Conning Inc. lifted its position in shares of TransDigm Group by 26.7% in the fourth quarter. Conning Inc. now owns 342 shares of the aerospace company’s stock valued at $433,000 after buying an additional 72 shares during the last quarter. BLB&B Advisors LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $228,000. Realta Investment Advisors lifted its position in shares of TransDigm Group by 9.0% in the fourth quarter. Realta Investment Advisors now owns 608 shares of the aerospace company’s stock valued at $776,000 after buying an additional 50 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $911,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent analyst reports. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,362.91 on Wednesday. The stock’s fifty day moving average price is $1,296.16 and its two-hundred day moving average price is $1,315.82. The company has a market cap of $76.43 billion, a PE ratio of 48.07, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a fifty-two week low of $1,100.86 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $7.16 EPS. On average, equities analysts predict that TransDigm Group Incorporated will post 34.11 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.