TransDigm Group Incorporated (NYSE:TDG) Stock Holdings Lessened by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272 shares of the aerospace company’s stock after selling 60 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in TransDigm Group were worth $345,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new position in shares of TransDigm Group during the 3rd quarter valued at $226,000. Wealth Enhancement Advisory Services LLC grew its stake in TransDigm Group by 33.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company’s stock valued at $7,450,000 after purchasing an additional 1,322 shares in the last quarter. Integrated Advisors Network LLC increased its position in TransDigm Group by 1.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,373 shares of the aerospace company’s stock worth $1,959,000 after purchasing an additional 21 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter worth about $1,166,000. Finally, Nicholas Hoffman & Company LLC. lifted its holdings in shares of TransDigm Group by 24.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock valued at $664,000 after buying an additional 91 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Down 0.1 %

Shares of NYSE TDG opened at $1,331.85 on Thursday. The firm has a market capitalization of $74.70 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The business has a fifty day simple moving average of $1,310.51 and a 200 day simple moving average of $1,322.54.

TransDigm Group (NYSE:TDG) last announced 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of research reports. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 121,647 shares of company stock worth $155,847,223 in the last 90 days. 4.09% of the stock is owned by company insiders.

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.