Charles Schwab Investment Management Inc. Raises Position in TransDigm Group Incorporated (NYSE:TDG)

Charles Schwab Investment Management Inc. boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,183 shares of the aerospace company’s stock after purchasing an additional 7,383 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of TransDigm Group worth $323,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wedge Capital Management L L P NC lifted its position in shares of TransDigm Group by 2,361.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after acquiring an additional 75,784 shares in the last quarter. Townsquare Capital LLC boosted its holdings in TransDigm Group by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock valued at $2,235,000 after acquiring an additional 114 shares during the period. Pacer Advisors Inc. grew its holdings in shares of TransDigm Group by 26.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of TransDigm Group by 14.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock valued at $7,490,000 after acquiring an additional 962 shares during the period. Finally, Chicago Capital LLC raised its stake in shares of TransDigm Group by 3.3% during the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock valued at $48,877,000 after acquiring an additional 1,523 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Up 0.6 %

TransDigm Group stock traded up $8.31 during trading hours on Wednesday, hitting $1,318.71. The stock had a trading volume of 114,258 shares, compared to its average volume of 209,176. The stock’s 50-day moving average price is $1,217.21 and its 200-day moving average price is $1,083.86. TransDigm Group Incorporated has a 12-month low of $766.00 and a 12-month high of $1,328.15. The stock has a market capitalization of $73.33 billion, a P/E ratio of 55.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.39 EPS. On average, research analysts expect that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research analyst reports. Truist Financial boosted their price target on TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna lifted their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays raised their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. KeyCorp increased their price target on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Citigroup lifted their price objective on 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,280.56.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 3,460 shares of the company’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 directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. Company 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.