International Assets Investment Management LLC Buys 41,039 Shares of TransDigm Group Incorporated (NYSE:TDG)

International Assets Investment Management LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 97,711.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,081 shares of the aerospace company’s stock after purchasing an additional 41,039 shares during the quarter. International Assets Investment Management LLC owned 0.07% of TransDigm Group worth $41,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group during the fourth quarter worth about $25,000. Optiver Holding B.V. acquired a new stake in TransDigm Group during the 3rd quarter valued at $35,000. Valley National Advisers Inc. raised its position in TransDigm Group by 26.1% in the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 12 shares during the last quarter. Blue Trust Inc. boosted its stake in TransDigm Group by 134.8% in the fourth quarter. Blue Trust Inc. now owns 54 shares of the aerospace company’s stock worth $55,000 after purchasing an additional 31 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of TransDigm Group during the third quarter worth $68,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.8 %

TDG opened at $1,295.00 on Friday. The stock has a market cap of $72.01 billion, a P/E ratio of 54.97, a P/E/G ratio of 2.54 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $750.86 and a 12 month high of $1,303.49. The company has a fifty day simple moving average of $1,210.32 and a 200 day simple moving average of $1,070.99.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $4.15 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities research analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorge Valladares sold 578 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $12,980,000. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 over the last quarter. 4.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TDG shares. Susquehanna upped their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Truist Financial raised their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Barclays upped their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Royal Bank of Canada lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

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.