Blair William & Co. IL Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Blair William & Co. IL raised its position in TransDigm Group Incorporated (NYSE:TDG) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,343 shares of the aerospace company’s stock after buying an additional 674 shares during the quarter. Blair William & Co. IL’s holdings in TransDigm Group were worth $226,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. State Street Corp raised its holdings in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after buying an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after buying an additional 206,822 shares during the period. Principal Financial Group Inc. increased its position in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares during the period. Finally, Geode Capital Management LLC raised its stake in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group upgraded 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. Citigroup raised their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Stock Up 0.1 %

TransDigm Group stock opened at $1,394.83 on Thursday. The firm has a market capitalization of $78.23 billion, a PE ratio of 49.20, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm’s 50-day simple moving average is $1,341.20 and its 200 day simple moving average is $1,328.69.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.