Envestnet Portfolio Solutions Inc. Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

Envestnet Portfolio Solutions Inc. raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 26.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,826 shares of the aerospace company’s stock after purchasing an additional 789 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in TransDigm Group were worth $4,888,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TDG. Oakworth Capital Inc. acquired a new position in TransDigm Group in the 4th quarter valued at $26,000. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group in the first quarter valued at approximately $30,000. VisionPoint Advisory Group LLC purchased a new position in TransDigm Group in the fourth quarter worth $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock traded up $22.09 during trading on Thursday, hitting $1,270.45. The company’s stock had a trading volume of 75,001 shares, compared to its average volume of 225,304. The stock’s fifty day moving average is $1,273.16 and its 200 day moving average is $1,239.93. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The stock has a market capitalization of $71.09 billion, a price-to-earnings ratio of 49.52, a P/E/G ratio of 2.06 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $6.55 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.21 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the completion of the sale, the director now directly owns 112,381 shares in the company, valued at $148,776,710.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock worth $133,146,005 in the last quarter. 4.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TDG. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Truist Financial lifted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group lowered their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,422.94.

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.