Capital World Investors Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Capital World Investors increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,791,927 shares of the aerospace company’s stock after acquiring an additional 155,541 shares during the period. Capital World Investors owned about 6.76% of TransDigm Group worth $4,805,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TDG. Anchor Investment Management LLC raised its stake in shares of TransDigm Group by 5.0% during the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock valued at $1,309,000 after acquiring an additional 44 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TransDigm Group in the 3rd quarter worth about $618,000. Franklin Resources Inc. raised its stake in TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock valued at $290,151,000 after buying an additional 4,442 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $716,000. Finally, JPMorgan Chase & Co. increased its holdings in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock valued at $167,165,496. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,335.27 on Friday. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a 50-day simple moving average of $1,336.96 and a two-hundred day simple moving average of $1,322.04. The company has a market cap of $74.89 billion, a P/E ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last posted 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. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.16 EPS. As a group, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TDG shares. Truist Financial reduced their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,464.41.

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.