Argent Trust Co Buys 92 Shares of TransDigm Group Incorporated (NYSE:TDG)

Argent Trust Co grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 38.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333 shares of the aerospace company’s stock after purchasing an additional 92 shares during the period. Argent Trust Co’s holdings in TransDigm Group were worth $425,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG increased its position in TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after purchasing an additional 3,120 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares during the period. D.A. Davidson & CO. bought a new position in TransDigm Group during the fourth quarter valued at $291,000. Corient Private Wealth LLC grew its holdings in TransDigm Group by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock valued at $13,886,000 after purchasing an additional 429 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of TransDigm Group by 2.9% during the fourth quarter. Assetmark Inc. now owns 5,529 shares of the aerospace company’s stock valued at $5,594,000 after buying an additional 154 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,388.25 on Friday. The business has a 50-day moving average of $1,290.70 and a two-hundred day moving average of $1,273.34. The company has a market capitalization of $77.89 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,400.63.

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

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. KeyCorp lifted their price target on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

Insider Activity at TransDigm Group

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

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.