Norges Bank Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Norges Bank bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 768,065 shares of the aerospace company’s stock, valued at approximately $973,353,000.

Several other hedge funds also recently added to or reduced their stakes in TDG. Blair William & Co. IL increased its holdings in shares of TransDigm Group by 0.4% during the fourth quarter. Blair William & Co. IL now owns 178,343 shares of the aerospace company’s stock valued at $226,011,000 after acquiring an additional 674 shares in the last quarter. Pragma Gestao DE Patrimonio Ltd. increased its stake in TransDigm Group by 14.2% during the 4th quarter. Pragma Gestao DE Patrimonio Ltd. now owns 13,700 shares of the aerospace company’s stock valued at $17,362,000 after purchasing an additional 1,700 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of TransDigm Group by 35.7% in the fourth quarter. UniSuper Management Pty Ltd now owns 4,036 shares of the aerospace company’s stock worth $5,115,000 after buying an additional 1,061 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after buying an additional 206,822 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of TransDigm Group by 9.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 90,895 shares of the aerospace company’s stock valued at $115,942,000 after buying an additional 7,837 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on TDG. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,477.18.

Insider Activity at TransDigm Group

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

TransDigm Group Price Performance

TransDigm Group stock opened at $1,383.41 on Friday. The stock has a market capitalization of $77.59 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a 50 day simple moving average of $1,342.45 and a 200-day simple moving average of $1,329.07. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

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

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.