Posted by admin on Aug 7th, 2022

Victory Capital Management Inc. lifted its holdings in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,505 shares of the aerospace company’s stock after purchasing an additional 1,433 shares during the quarter. Victory Capital Management Inc.’s holdings in TransDigm Group were worth $12,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cordasco Financial Network purchased a new position in shares of TransDigm Group in the first quarter valued at $35,000. Duncker Streett & Co. Inc. purchased a new position in TransDigm Group during the fourth quarter worth $35,000. Pittenger & Anderson Inc. boosted its stake in TransDigm Group by 132.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 58 shares of the aerospace company’s stock worth $37,000 after buying an additional 33 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in TransDigm Group during the first quarter worth $65,000. Finally, KB Financial Partners LLC purchased a new position in TransDigm Group during the fourth quarter worth $83,000. 99.33% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Robert J. Small bought 28,453 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $565.00 per share, for a total transaction of $16,075,945.00. Following the completion of the purchase, the director now directly owns 2,415,931 shares of the company’s stock, valued at $1,365,001,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert J. Small bought 28,453 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $565.00 per share, for a total transaction of $16,075,945.00. Following the completion of the purchase, the director now directly owns 2,415,931 shares of the company’s stock, valued at $1,365,001,015. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Small purchased 19,398 shares of the company’s stock in a transaction dated Thursday, May 19th. The shares were acquired at an average price of $544.09 per share, for a total transaction of $10,554,257.82. Following the purchase, the director now directly owns 185,086 shares of the company’s stock, valued at approximately $100,703,441.74. The disclosure for this purchase can be found here. 8.96% of the stock is owned by insiders.

Several research firms have commented on TDG. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 19th. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $700.00 to $620.00 in a research note on Wednesday, May 11th. Susquehanna Bancshares decreased their target price on TransDigm Group from $720.00 to $620.00 in a research report on Wednesday, May 11th. Truist Financial decreased their target price on TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, Susquehanna decreased their target price on TransDigm Group from $720.00 to $620.00 in a research report on Wednesday, May 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $702.62.

TDG stock opened at $638.30 on Friday. The business has a 50-day moving average price of $569.10 and a 200 day moving average price of $606.30. The company has a market capitalization of $34.86 billion, a P/E ratio of 44.42, a PEG ratio of 1.80 and a beta of 1.44. TransDigm Group Incorporated has a 1-year low of $500.08 and a 1-year high of $686.06.

TransDigm Group (NYSE:TDG – Get Rating) last posted its earnings results on Tuesday, May 10th. The aerospace company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.02). TransDigm Group had a net margin of 17.70% and a negative return on equity of 27.39%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm earned $2.29 EPS. TransDigm Group’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts anticipate that TransDigm Group Incorporated will post 14.54 earnings per share for the current fiscal year.

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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