Oliver Lagore Vanvalin Investment Group Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Oliver Lagore Vanvalin Investment Group grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37 shares of the aerospace company’s stock after buying an additional 12 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in TransDigm Group were worth $38,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. raised its position in TransDigm Group by 160.8% in the 4th quarter. Federated Hermes Inc. now owns 35,821 shares of the aerospace company’s stock worth $36,237,000 after purchasing an additional 22,086 shares during the period. Daiwa Securities Group Inc. raised its position in TransDigm Group by 7.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,982 shares of the aerospace company’s stock worth $5,040,000 after purchasing an additional 345 shares during the period. Oakworth Capital Inc. purchased a new position in TransDigm Group in the 4th quarter worth $26,000. Wealth Alliance purchased a new position in TransDigm Group in the 4th quarter worth $211,000. Finally, Guerra Pan Advisors LLC raised its position in TransDigm Group by 2.7% in the 4th quarter. Guerra Pan Advisors LLC now owns 1,405 shares of the aerospace company’s stock worth $1,421,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDG. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Stifel Nicolaus boosted their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Susquehanna boosted their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,163.27.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock valued at $69,840,358 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Down 1.0 %

Shares of TDG opened at $1,213.50 on Friday. The firm’s 50-day moving average price is $1,191.38 and its 200-day moving average price is $1,043.56. The firm has a market capitalization of $67.48 billion, a price-to-earnings ratio of 51.51, a PEG ratio of 2.50 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,248.39.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm posted $4.15 EPS. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, research analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

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.