TransDigm Group Incorporated (NYSE:TDG) Shares Bought by DnB Asset Management AS

DnB Asset Management AS grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,623 shares of the aerospace company’s stock after buying an additional 599 shares during the period. DnB Asset Management AS’s holdings in TransDigm Group were worth $31,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after buying an additional 7,947 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in TransDigm Group by 7.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock valued at $23,295,000 after purchasing an additional 1,086 shares during the last quarter. Unigestion Holding SA acquired a new position in TransDigm Group in the third quarter worth approximately $1,476,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group in the fourth quarter valued at $911,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last 90 days. 4.09% of the stock is currently owned by insiders.

TransDigm Group Stock Down 0.5 %

Shares of TransDigm Group stock opened at $1,377.22 on Friday. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The stock has a 50 day moving average price of $1,343.19 and a two-hundred day moving average price of $1,329.59. The stock has a market capitalization of $77.24 billion, a P/E ratio of 48.58, a PEG ratio of 2.76 and a beta of 1.38.

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 firm 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 business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.16 EPS. Sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. 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. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut 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 research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,477.18.

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.