Isthmus Partners LLC Purchases New Position in TransDigm Group Incorporated (NYSE:TDG)

Isthmus Partners LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 164 shares of the aerospace company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently made changes to their positions in TDG. CIBC Asset Management Inc lifted its stake in TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after purchasing an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Finally, Swiss National Bank lifted its stake in TransDigm Group by 0.9% in the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction 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. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on 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 sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,647 shares of company stock worth $236,483,623 over the last three months. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 0.4 %

Shares of TDG opened at $1,335.77 on Tuesday. The company has a market cap of $74.92 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The company has a 50 day moving average of $1,321.06 and a two-hundred day moving average of $1,327.03.

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 net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $7.16 earnings per share. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Barclays reaffirmed 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. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. UBS Group raised shares of 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. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group 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.