Frank Rimerman Advisors LLC Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Frank Rimerman Advisors LLC boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,298 shares of the aerospace company’s stock after buying an additional 14 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in TransDigm Group were worth $4,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Catalyst Funds Management Pty Ltd purchased a new position in shares of TransDigm Group during the 4th quarter worth $253,000. Commonwealth Equity Services LLC lifted its stake in shares of TransDigm Group by 174.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,778 shares of the aerospace company’s stock worth $7,322,000 after purchasing an additional 3,673 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of TransDigm Group by 16.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 845 shares of the aerospace company’s stock worth $1,071,000 after purchasing an additional 122 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of TransDigm Group by 0.3% during the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company’s stock worth $3,723,000 after purchasing an additional 9 shares during the period. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of TransDigm Group during the 4th quarter worth $366,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,346.98 on Friday. The business has a 50-day moving average of $1,326.27 and a 200-day moving average of $1,327.32. The company has a market capitalization of $75.55 billion, a PE ratio of 47.51, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $7.16 earnings per share. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert J. Small sold 3,650 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This trade represents a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,594 shares of company stock worth $164,002,398 over the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDG. Truist Financial increased their price target 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. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, 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 report 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, the stock currently has an average 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.