Accretive Wealth Partners LLC Decreases Position in TransDigm Group Incorporated (NYSE:TDG)

Accretive Wealth Partners LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,292 shares of the aerospace company’s stock after selling 33 shares during the period. Accretive Wealth Partners LLC’s holdings in TransDigm Group were worth $1,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Souders Financial Advisors lifted its holdings in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares during the last quarter. Prosperity Financial Group Inc. raised its stake in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC raised its stake in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares during the last quarter. Finally, CX Institutional raised its stake in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.5 %

Shares of TDG opened at $1,315.29 on Friday. The firm’s 50-day moving average is $1,300.07 and its two-hundred day moving average is $1,317.12. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The firm has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a PEG ratio of 2.86 and a beta of 1.40.

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 the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.16 earnings per share. Analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,525 shares of company stock valued at $139,851,401. Corporate insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup increased their price target 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. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. KeyCorp raised their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

TransDigm Group Company Profile

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.