Mizuho Securities USA LLC Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

Mizuho Securities USA LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 46.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,329 shares of the aerospace company’s stock after purchasing an additional 1,691 shares during the period. Mizuho Securities USA LLC’s holdings in TransDigm Group were worth $6,753,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TDG. ZEGA Investments LLC purchased a new position in shares of TransDigm Group during the 4th quarter valued at $1,025,000. Q Global Advisors LLC purchased a new position in TransDigm Group during the fourth quarter worth about $8,250,000. Semanteon Capital Management LP grew its position in TransDigm Group by 12.9% during the fourth quarter. Semanteon Capital Management LP now owns 956 shares of the aerospace company’s stock worth $1,212,000 after buying an additional 109 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in TransDigm Group by 0.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 102,269 shares of the aerospace company’s stock worth $129,603,000 after buying an additional 358 shares in the last quarter. Finally, Settian Capital LP purchased a new position in TransDigm Group during the fourth quarter worth about $1,014,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.2 %

TDG opened at $1,344.17 on Friday. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company has a market cap of $75.39 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock has a fifty day simple moving average of $1,335.17 and a two-hundred day simple moving average of $1,327.31.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results 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 net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $7.16 EPS. On average, analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TDG shares. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Citigroup increased their price target 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. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock worth $165,646,468. Insiders own 4.09% of the company’s stock.

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.