SVB Wealth LLC Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

SVB Wealth LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 185 shares of the aerospace company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in TransDigm Group by 59.8% in the 4th quarter. Private Trust Co. NA now owns 326 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 122 shares during the period. QRG Capital Management Inc. boosted its stake in TransDigm Group by 21.2% in the 4th quarter. QRG Capital Management Inc. now owns 910 shares of the aerospace company’s stock valued at $1,153,000 after purchasing an additional 159 shares during the period. Proficio Capital Partners LLC boosted its stake in TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after purchasing an additional 729,930 shares during the period. Oppenheimer & Co. Inc. raised its holdings in TransDigm Group by 7.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,930 shares of the aerospace company’s stock valued at $2,446,000 after acquiring an additional 127 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in TransDigm Group by 2.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 21,800 shares of the aerospace company’s stock valued at $27,627,000 after acquiring an additional 500 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was 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 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 1.9 %

NYSE TDG opened at $1,376.10 on Thursday. The business’s 50-day moving average price is $1,318.10 and its two-hundred day moving average price is $1,326.26. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The firm has a market capitalization of $77.18 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 EPS. The business’s 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.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen 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 $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.