Oakworth Capital Inc. Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, Holdings Channel reports. The fund purchased 26 shares of the aerospace company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Alliance acquired a new position in shares of TransDigm Group during the 4th quarter worth $211,000. Guerra Pan Advisors LLC increased its position in TransDigm Group by 2.7% during the fourth quarter. Guerra Pan Advisors LLC now owns 1,405 shares of the aerospace company’s stock worth $1,421,000 after buying an additional 37 shares during the last quarter. SVB Wealth LLC increased its position in TransDigm Group by 14.5% during the fourth quarter. SVB Wealth LLC now owns 380 shares of the aerospace company’s stock worth $385,000 after buying an additional 48 shares during the last quarter. Mackenzie Financial Corp raised its holdings in TransDigm Group by 54.7% during the fourth quarter. Mackenzie Financial Corp now owns 6,384 shares of the aerospace company’s stock valued at $6,458,000 after buying an additional 2,257 shares in the last quarter. Finally, Conning Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter worth about $225,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 1.0 %

Shares of TDG stock opened at $1,213.50 on Friday. The company has a market capitalization of $67.48 billion, a P/E ratio of 51.51, a P/E/G ratio of 2.50 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $741.74 and a 12-month high of $1,248.39. The firm has a 50-day moving average price of $1,191.38 and a 200 day moving average price of $1,043.56.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $4.15 EPS. TransDigm Group’s revenue was up 28.1% compared to the same quarter last year. As a group, research analysts expect that TransDigm Group Incorporated will post 29.03 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDG. Truist Financial raised their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. KeyCorp increased their target price on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, The Goldman Sachs Group raised their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,163.27.

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.