Empirical Finance LLC Lowers Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Empirical Finance LLC cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the aerospace company’s stock after selling 10 shares during the quarter. Empirical Finance LLC’s holdings in TransDigm Group were worth $2,319,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TDG. Empowered Funds LLC grew its holdings in TransDigm Group by 21.0% in the fourth quarter. Empowered Funds LLC now owns 1,307 shares of the aerospace company’s stock worth $1,656,000 after purchasing an additional 227 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of TransDigm Group by 30.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 564 shares of the aerospace company’s stock worth $715,000 after purchasing an additional 131 shares in the last quarter. Mezzasalma Advisors LLC grew its stake in shares of TransDigm Group by 2.1% in the 4th quarter. Mezzasalma Advisors LLC now owns 2,531 shares of the aerospace company’s stock worth $3,207,000 after buying an additional 51 shares during the last quarter. Conning Inc. increased its position in TransDigm Group by 26.7% during the 4th quarter. Conning Inc. now owns 342 shares of the aerospace company’s stock valued at $433,000 after buying an additional 72 shares in the last quarter. Finally, BLB&B Advisors LLC purchased a new position in TransDigm Group during the fourth quarter valued at $228,000. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 2.3 %

Shares of NYSE TDG opened at $1,329.35 on Monday. TransDigm Group Incorporated has a 12-month low of $1,100.86 and a 12-month high of $1,451.32. The firm has a market capitalization of $74.55 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The firm has a 50 day moving average of $1,294.68 and a 200 day moving average of $1,314.59.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 over the last 90 days. 4.09% of the stock is owned by insiders.

TransDigm Group Company Profile

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.