Moors & Cabot Inc. Has $304,000 Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Moors & Cabot Inc. increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 28.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238 shares of the aerospace company’s stock after acquiring an additional 52 shares during the quarter. Moors & Cabot Inc.’s holdings in TransDigm Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TDG. Vanguard Group Inc. grew its stake in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors boosted its holdings in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares during the last quarter. Capital Research Global Investors grew its position in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares during the period. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of TransDigm Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after acquiring an additional 1,035 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TDG. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Truist Financial raised their price objective 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. Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Bank of America raised their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, KeyCorp boosted their price objective on 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. Eight 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 currently has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,408.03 on Friday. The stock’s 50-day simple moving average is $1,294.01 and its 200 day simple moving average is $1,274.97. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,419.99. The company has a market cap of $78.79 billion, a P/E ratio of 55.85, a P/E/G ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.55 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock worth $46,454,828 in the last ninety days. Insiders own 4.96% of the company’s stock.

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.