TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Oakworth Capital Inc.

Oakworth Capital Inc. grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 1,650.0% in the fourth quarter, Holdings Channel reports. The fund owned 70 shares of the aerospace company’s stock after purchasing an additional 66 shares during the period. Oakworth Capital Inc.’s holdings in TransDigm Group were worth $89,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TDG. Windacre Partnership LLC raised its position in shares of TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares during the period. JPMorgan Chase & Co. grew its position in 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 during the period. International Assets Investment Management LLC increased its stake in TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after acquiring an additional 48,833 shares during the last quarter. FMR LLC raised its position in TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of TransDigm Group by 36.9% in the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after purchasing an additional 32,609 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TDG shares. Truist Financial raised 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 shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

TransDigm Group Stock Performance

Shares of TDG opened at $1,299.17 on Friday. TransDigm Group Incorporated has a 1 year low of $1,100.86 and a 1 year high of $1,451.32. The stock has a market capitalization of $72.81 billion, a PE ratio of 50.75, a PEG ratio of 3.06 and a beta of 1.40. The stock has a 50-day simple moving average of $1,292.18 and a 200-day simple moving average of $1,313.99.

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, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm earned $7.16 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade 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 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 transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,525 shares of company stock valued at $112,769,801. 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.