Proficio Capital Partners LLC Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Proficio Capital Partners LLC increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 125.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 576 shares of the aerospace company’s stock after acquiring an additional 321 shares during the quarter. Proficio Capital Partners LLC’s holdings in TransDigm Group were worth $730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prospera Financial Services Inc acquired a new stake in TransDigm Group in the third quarter valued at about $207,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in TransDigm Group during the third quarter worth $1,043,000. Moors & Cabot Inc. raised its position in TransDigm Group by 10.5% in the third quarter. Moors & Cabot Inc. now owns 263 shares of the aerospace company’s stock worth $375,000 after acquiring an additional 25 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in TransDigm Group by 13.0% in the third quarter. Citizens Financial Group Inc. RI now owns 555 shares of the aerospace company’s stock valued at $792,000 after acquiring an additional 64 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of TransDigm Group during the 3rd quarter worth $287,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDG. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday, February 24th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup upped their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Price Performance

NYSE TDG opened at $1,344.17 on Friday. The company’s 50 day simple moving average is $1,335.17 and its 200 day simple moving average is $1,327.31. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company has a market capitalization of $75.39 billion, a P/E ratio of 47.41, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by insiders.

TransDigm Group 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.