Wells Fargo & Company MN Purchases 4,723 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wells Fargo & Company MN increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 169,169 shares of the aerospace company’s stock after acquiring an additional 4,723 shares during the period. Wells Fargo & Company MN’s holdings in TransDigm Group were worth $214,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lynwood Price Capital Management LP purchased a new position in shares of TransDigm Group in the 4th quarter valued at approximately $11,152,000. Motley Fool Asset Management LLC increased its position in shares of TransDigm Group by 18.6% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,676 shares of the aerospace company’s stock valued at $3,391,000 after acquiring an additional 419 shares during the period. Cinctive Capital Management LP purchased a new position in TransDigm Group in the 4th quarter worth $9,288,000. Huntington National Bank lifted its position in TransDigm Group by 14.9% during the 4th quarter. Huntington National Bank now owns 894 shares of the aerospace company’s stock worth $1,133,000 after acquiring an additional 116 shares during the period. Finally, Kesler Norman & Wride LLC purchased a new stake in TransDigm Group during the 4th quarter valued at about $375,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,238.81 on Friday. The stock has a 50 day moving average price of $1,343.93 and a 200 day moving average price of $1,329.63. The stock has a market capitalization of $69.48 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $7.16 earnings per share. On average, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Finally, Truist Financial lifted their target price 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. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,480.12.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 in the last three months. 4.09% of the stock is owned by corporate insiders.

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.