Callan Family Office LLC Makes New $649,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Callan Family Office LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 512 shares of the aerospace company’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Verdence Capital Advisors LLC raised its holdings in shares of TransDigm Group by 3.2% during the third quarter. Verdence Capital Advisors LLC now owns 618 shares of the aerospace company’s stock worth $881,000 after acquiring an additional 19 shares in the last quarter. Assetmark Inc. increased its position in TransDigm Group by 3.7% in the 3rd quarter. Assetmark Inc. now owns 6,194 shares of the aerospace company’s stock worth $8,839,000 after purchasing an additional 220 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of TransDigm Group by 37.7% during the 3rd quarter. Lindbrook Capital LLC now owns 223 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 61 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Finally, Sustainable Insight Capital Management LLC increased its holdings in TransDigm Group by 26.5% in the third quarter. Sustainable Insight Capital Management LLC now owns 2,623 shares of the aerospace company’s stock worth $3,743,000 after buying an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,339.77 on Monday. The stock’s fifty day moving average is $1,319.94 and its 200-day moving average is $1,326.81. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The stock has a market capitalization of $75.14 billion, a PE ratio of 47.26, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $7.16 earnings per share. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock worth $155,847,223 over the last 90 days. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.