TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,137 shares of the aerospace company’s stock after buying an additional 319 shares during the quarter. Bessemer Group Inc.’s holdings in TransDigm Group were worth $2,708,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Resonant Capital Advisors LLC grew its holdings in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC increased its stake in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC raised its holdings in TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the period. CX Institutional lifted its stake in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA boosted its holdings in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after buying an additional 9 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, 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. In the last ninety days, insiders sold 104,594 shares of company stock worth $140,302,268. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDG has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on TransDigm Group from $1,580.00 to $1,410.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,471.78.

TransDigm Group Trading Up 0.9 %

TransDigm Group stock opened at $1,309.66 on Monday. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The firm’s fifty day simple moving average is $1,335.18 and its 200-day simple moving average is $1,323.45. The company has a market capitalization of $73.45 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The company 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 was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $7.16 earnings per share. On average, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

TransDigm Group Company 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.