Navellier & Associates Inc. Buys 91 Shares of TransDigm Group Incorporated (NYSE:TDG)

Navellier & Associates Inc. boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,273 shares of the aerospace company’s stock after purchasing an additional 91 shares during the quarter. Navellier & Associates Inc.’s holdings in TransDigm Group were worth $2,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased 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 worth $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC increased its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

TDG has been the subject of several recent analyst reports. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,462.35.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,291.58 on Friday. The stock has a 50 day moving average price of $1,306.06 and a 200 day moving average price of $1,319.28. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The stock has a market capitalization of $72.43 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data 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. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.16 earnings per share. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,647 shares of company stock worth $151,878,163 over the last 90 days. Company insiders own 4.09% of the company’s stock.

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.