Navalign LLC Has $966,000 Holdings in TransDigm Group Incorporated (NYSE:TDG)

Navalign LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 762 shares of the aerospace company’s stock after purchasing an additional 33 shares during the period. Navalign LLC’s holdings in TransDigm Group were worth $966,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new position in TransDigm Group during the 4th quarter worth $973,353,000. Proficio Capital Partners LLC lifted its position in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC bought a new position in shares of TransDigm Group during the fourth quarter valued at about $399,595,000. JPMorgan Chase & Co. boosted its holdings in 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 purchasing an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake 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 buying an additional 185,422 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the transaction, the director now owns 95,356 shares of the company’s stock, valued at approximately $127,796,111.20. The trade was a 17.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock worth $208,099,857 in the last ninety days. 4.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

TDG has been the topic of a number of research analyst reports. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Truist Financial dropped their price objective 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, April 17th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Finally, UBS Group upped their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,490.20.

TransDigm Group Stock Performance

TDG stock opened at $1,407.85 on Thursday. The company has a market capitalization of $79.07 billion, a PE ratio of 49.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The company’s 50 day moving average price is $1,365.89 and its two-hundred day moving average price is $1,326.48.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $7.99 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.