Fmr LLC Grows Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Fmr LLC grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,925,595 shares of the aerospace company’s stock after buying an additional 5,414 shares during the period. Fmr LLC’s holdings in TransDigm Group were worth $2,440,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in TransDigm Group during the 4th quarter valued at about $973,353,000. Proficio Capital Partners LLC raised its holdings in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after buying an additional 729,930 shares during the period. Edgewood Management LLC purchased a new position in TransDigm Group during the 4th quarter valued at $399,595,000. JPMorgan Chase & Co. increased its stake in TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after purchasing an additional 185,422 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on TDG shares. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company upped their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,480.12.

TransDigm Group Stock Down 9.1 %

TransDigm Group stock opened at $1,238.81 on Friday. The business’s 50-day moving average price is $1,343.93 and its 200 day moving average price is $1,329.63. The firm has a market cap of $69.48 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. Equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current 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.