Insight Wealth Strategies LLC Sells 380 Shares of TransDigm Group Incorporated (NYSE:TDG)

Insight Wealth Strategies LLC trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 26.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056 shares of the aerospace company’s stock after selling 380 shares during the period. Insight Wealth Strategies LLC’s holdings in TransDigm Group were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group during the 4th quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group during the fourth quarter worth approximately $26,000. Optiver Holding B.V. bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $35,000. VisionPoint Advisory Group LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position 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 worth $38,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,339.48 on Thursday. The firm’s 50 day moving average price is $1,290.73 and its two-hundred day moving average price is $1,169.40. The firm has a market cap of $74.96 billion, a P/E ratio of 53.13, a PEG ratio of 2.28 and a beta of 1.39. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. TransDigm Group’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.39 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 29.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDG shares. Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Robert W. Baird lifted their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. KeyCorp upped their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group boosted their price target 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, April 16th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,371.19.

Insider Transactions at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now owns 50 shares of the company’s stock, valued at $66,967. The sale was disclosed in a document filed with the SEC, which is available through this link. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 3 shares of company stock worth $1,690 and have sold 100,833 shares worth $131,249,183. 4.96% of the stock is owned by company 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.