First Western Trust Bank Takes $637,000 Position in TransDigm Group Incorporated (NYSE:TDG)

First Western Trust Bank bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 630 shares of the aerospace company’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in TransDigm Group during the fourth quarter worth about $26,000. Optiver Holding B.V. acquired a new stake in TransDigm Group in the third quarter valued at about $35,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in 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. Finally, Valley National Advisers Inc. raised its stake in shares of TransDigm Group by 26.1% during the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock worth $49,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TDG shares. Truist Financial lifted their price target on TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group lifted their price objective on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp raised their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,311.81.

TransDigm Group Trading Up 0.3 %

NYSE TDG traded up $3.86 during mid-day trading on Thursday, reaching $1,318.86. 226,273 shares of the company’s stock traded hands, compared to its average volume of 210,936. The company has a fifty day simple moving average of $1,222.89 and a 200-day simple moving average of $1,087.09. TransDigm Group Incorporated has a 1-year low of $768.05 and a 1-year high of $1,330.38. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 55.98, a P/E/G ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.39 EPS. Equities research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Graff sold 3,460 shares of TransDigm Group 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 sale, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction on 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 transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 11 shares of company stock valued at $5,950 and have sold 59,088 shares valued at $69,841,110. 4.96% of the stock is owned by corporate insiders.

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.