Cullen Frost Bankers Inc. Purchases 175 Shares of TransDigm Group Incorporated (NYSE:TDG)

Cullen Frost Bankers Inc. increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8,750.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 177 shares of the aerospace company’s stock after buying an additional 175 shares during the period. Cullen Frost Bankers Inc.’s holdings in TransDigm Group were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Personal Financial Services bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $29,000. Capital Advisors Ltd. LLC increased its position in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,647 shares of company stock worth $155,847,223. 4.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Finally, Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Down 0.4 %

TDG stock opened at $1,339.77 on Friday. The company has a market cap of $75.14 billion, a P/E ratio of 47.26, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The business has a fifty day moving average of $1,319.94 and a 200-day moving average of $1,326.72.

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