HCR Wealth Advisors Has $2.59 Million Position in Transdigm Group Incorporated (NYSE:TDG)

HCR Wealth Advisors cut its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 2.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,869 shares of the aerospace company’s stock after selling 45 shares during the quarter. HCR Wealth Advisors’ holdings in Transdigm Group were worth $2,585,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Transdigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the last quarter. Norges Bank acquired a new stake in shares of Transdigm Group during the fourth quarter worth approximately $973,353,000. Proficio Capital Partners LLC raised its stake in shares of Transdigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Edgewood Management LLC acquired a new position in shares of Transdigm Group in the 4th quarter worth approximately $399,595,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TDG. Wells Fargo & Company boosted their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group upped their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Truist Financial decreased their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Northcoast Research upgraded shares of Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Finally, Susquehanna boosted their target price on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,505.23.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $31,117,035.84. This represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,149 shares of company stock valued at $198,378,957. 4.09% of the stock is owned by insiders.

Transdigm Group Stock Performance

Shares of TDG opened at $1,413.92 on Thursday. The stock has a 50 day simple moving average of $1,406.28 and a 200 day simple moving average of $1,346.75. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The firm has a market capitalization of $79.42 billion, a PE ratio of 47.74, a P/E/G ratio of 3.04 and a beta of 1.05.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.99 earnings per share. Equities research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.