TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Boston Private Wealth LLC

Boston Private Wealth LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 21.7% during the third quarter, HoldingsChannel reports. The fund owned 476 shares of the aerospace company’s stock after buying an additional 85 shares during the period. Boston Private Wealth LLC’s holdings in TransDigm Group were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its stake in TransDigm Group by 4.5% during the second quarter. Clearstead Advisors LLC now owns 560 shares of the aerospace company’s stock worth $362,000 after purchasing an additional 24 shares in the last quarter. Family Legacy Inc. lifted its stake in TransDigm Group by 2.4% during the third quarter. Family Legacy Inc. now owns 1,434 shares of the aerospace company’s stock worth $924,000 after purchasing an additional 34 shares in the last quarter. Profund Advisors LLC lifted its stake in TransDigm Group by 4.6% during the second quarter. Profund Advisors LLC now owns 788 shares of the aerospace company’s stock worth $511,000 after purchasing an additional 35 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in TransDigm Group by 7.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 524 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 35 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in TransDigm Group by 1.6% during the third quarter. Raymond James Trust N.A. now owns 2,333 shares of the aerospace company’s stock worth $1,457,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.

In other TransDigm Group news, Director Jane M. Cronin bought 300 shares of the firm’s stock in a transaction dated Friday, November 19th. The stock was acquired at an average price of $634.27 per share, for a total transaction of $190,281.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 40,000 shares of the stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $661.47, for a total transaction of $26,458,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,500 shares of company stock worth $39,305,280. Corporate insiders own 9.13% of the company’s stock.

A number of research analysts have commented on the company. Royal Bank of Canada assumed coverage on TransDigm Group in a research note on Thursday, October 21st. They set an “outperform” rating and a $700.00 price target on the stock. Susquehanna Bancshares upped their price objective on TransDigm Group from $680.00 to $708.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 17th. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $678.00 price objective on the stock in a research report on Tuesday, October 19th. Truist Securities raised TransDigm Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $600.00 to $786.00 in a research report on Friday, January 7th. Finally, Barclays upped their price objective on TransDigm Group from $680.00 to $710.00 and gave the stock an “overweight” rating in a research report on Monday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $726.68.

NYSE:TDG opened at $645.38 on Friday. The business’s fifty day moving average price is $623.48 and its 200 day moving average price is $627.33. The firm has a market capitalization of $35.66 billion, a PE ratio of 62.18, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. TransDigm Group Incorporated has a 12 month low of $517.37 and a 12 month high of $688.03.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, November 16th. The aerospace company reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.55. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. TransDigm Group had a negative return on equity of 20.33% and a net margin of 14.17%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 earnings per share. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 13.9 EPS for the current fiscal year.

TransDigm Group Profile

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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