CANADA LIFE ASSURANCE Co Purchases 79 Shares of TransDigm Group Incorporated (NYSE:TDG)

CANADA LIFE ASSURANCE Co lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,370 shares of the aerospace company’s stock after purchasing an additional 79 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in TransDigm Group were worth $27,050,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in TransDigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after buying an additional 79,284 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 206,822 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. FMR LLC raised its stake in TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after purchasing an additional 5,414 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in TransDigm Group by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock valued at $1,636,409,000 after purchasing an additional 159,839 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,594 shares of company stock worth $167,165,496. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,335.27 on Friday. The stock’s fifty day moving average is $1,336.96 and its 200-day moving average is $1,321.21. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The stock has a market capitalization of $74.89 billion, a PE ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $7.16 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDG shares. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Truist Financial lowered their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,464.41.

TransDigm Group 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.