Savant Capital LLC Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

Savant Capital LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 873 shares of the aerospace company’s stock after buying an additional 64 shares during the period. Savant Capital LLC’s holdings in TransDigm Group were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TDG. Souders Financial Advisors raised its position in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the period. Prosperity Financial Group Inc. increased its position in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after buying an additional 8 shares during the period. Resonant Capital Advisors LLC lifted its stake in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after buying an additional 8 shares during the last quarter. CX Institutional boosted its holdings in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 9 shares during the period. Finally, Western Financial Corp CA grew its position in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after acquiring an additional 9 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. KeyCorp boosted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,525 shares of company stock worth $139,851,401. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,315.29 on Friday. The firm has a market cap of $73.76 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The firm’s 50 day moving average price is $1,300.07 and its two-hundred day moving average price is $1,317.12.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $7.16 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that TransDigm Group Incorporated will post 34.11 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.