Meadow Creek Wealth Advisors LLC Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Meadow Creek Wealth Advisors LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 793 shares of the aerospace company’s stock after buying an additional 10 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in TransDigm Group were worth $1,004,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TDG. Czech National Bank raised its position in TransDigm Group by 7.2% in the 3rd quarter. Czech National Bank now owns 11,430 shares of the aerospace company’s stock valued at $16,312,000 after purchasing an additional 767 shares in the last quarter. GAMMA Investing LLC lifted its stake in TransDigm Group by 17.0% in the third quarter. GAMMA Investing LLC now owns 592 shares of the aerospace company’s stock worth $845,000 after acquiring an additional 86 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in TransDigm Group by 9.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,319 shares of the aerospace company’s stock worth $1,882,000 after acquiring an additional 111 shares in the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $280,000. Finally, Wedmont Private Capital raised its holdings in shares of TransDigm Group by 4.6% in the 3rd quarter. Wedmont Private Capital now owns 746 shares of the aerospace company’s stock valued at $1,012,000 after purchasing an additional 33 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TDG. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,455.00.

Insider Activity at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock worth $112,769,801 over the last quarter. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Price Performance

NYSE:TDG opened at $1,292.03 on Thursday. The firm has a market capitalization of $72.41 billion, a P/E ratio of 50.47, a P/E/G ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,100.86 and a 12-month high of $1,451.32. The business has a 50 day simple moving average of $1,291.32 and a 200 day simple moving average of $1,314.15.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate 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.