AIA Group Ltd raised its position in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588 shares of the aerospace company's stock after purchasing an additional 36 shares during the quarter. AIA Group Ltd's holdings in TransDigm Group were worth $309,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of TransDigm Group by 5.6% during the 2nd quarter. Principal Financial Group Inc. now owns 3,257,661 shares of the aerospace company's stock worth $1,748,289,000 after purchasing an additional 173,413 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of TransDigm Group by 1,887.1% during the 2nd quarter. Renaissance Technologies LLC now owns 139,100 shares of the aerospace company's stock worth $74,651,000 after purchasing an additional 132,100 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of TransDigm Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company's stock worth $3,650,144,000 after purchasing an additional 117,137 shares during the last quarter. Crow s Nest Holdings LP lifted its position in shares of TransDigm Group by 268.9% during the 1st quarter. Crow s Nest Holdings LP now owns 97,400 shares of the aerospace company's stock worth $63,460,000 after purchasing an additional 71,000 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in TransDigm Group in the 2nd quarter valued at approximately $37,711,000. Hedge funds and other institutional investors own 96.00% of the company's stock.
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Analyst Upgrades and Downgrades
TDG has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on TransDigm Group from $705.00 to $700.00 and set a "neutral" rating for the company in a report on Wednesday, November 9th. Wells Fargo & Company cut TransDigm Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $735.00 to $660.00 in a report on Monday, November 28th. Credit Suisse Group upped their price target on TransDigm Group from $718.00 to $735.00 and gave the company an "outperform" rating in a report on Thursday, January 12th. Morgan Stanley cut their price target on TransDigm Group from $801.00 to $765.00 and set an "overweight" rating for the company in a report on Monday, December 12th. Finally, Truist Financial upped their price target on TransDigm Group from $700.00 to $710.00 in a report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $696.67.
TransDigm Group Price Performance
NYSE TDG opened at $700.50 on Thursday. The firm has a market cap of $38.09 billion, a PE ratio of 52.12, a price-to-earnings-growth ratio of 1.70 and a beta of 1.39. TransDigm Group Incorporated has a one year low of $499.63 and a one year high of $701.23. The stock's 50 day simple moving average is $636.19 and its 200 day simple moving average is $604.67.
TransDigm Group (NYSE:TDG – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The aerospace company reported $4.74 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.28. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. TransDigm Group had a negative return on equity of 29.95% and a net margin of 15.95%. TransDigm Group's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.94 EPS. As a group, equities analysts expect that TransDigm Group Incorporated will post 19.88 earnings per share for the current year.
Insider Buying and Selling
In related news, Director W Nicholas Howley sold 6,500 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $620.35, for a total transaction of $4,032,275.00. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $13,367,301.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of the stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $13,367,301.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jorge Valladares sold 20,000 shares of the stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total value of $13,348,200.00. Following the completion of the transaction, the chief operating officer now owns 11,000 shares in the company, valued at $7,341,510. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock worth $25,866,810 in the last three months. Insiders own 8.96% of the company's stock.
About TransDigm Group
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TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.
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