USS Investment Management Ltd bought a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,643 shares of the aerospace company's stock, valued at approximately $12,215,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC raised its holdings in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont increased its position in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares in the last quarter. Sachetta LLC lifted its position in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in shares of TransDigm Group by 280.0% during the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 95.78% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. UBS Group lifted their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Susquehanna upped their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Truist Financial dropped their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,490.20.
View Our Latest Analysis on TDG
Insider Buying and Selling
In other TransDigm Group news, Director Sean P. Hennessy sold 4,700 shares of TransDigm Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director now directly owns 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock worth $208,099,857 in the last 90 days. Insiders own 4.09% of the company's stock.
TransDigm Group Trading Up 2.0%
Shares of TDG stock traded up $28.78 during trading hours on Monday, reaching $1,433.93. 430,436 shares of the company's stock were exchanged, compared to its average volume of 261,355. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The stock has a market cap of $80.54 billion, a PE ratio of 50.58, a PEG ratio of 2.76 and a beta of 1.09. The stock's fifty day moving average price is $1,368.69 and its two-hundred day moving average price is $1,327.39.
TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm earned $7.99 EPS. TransDigm Group's revenue was up 12.0% compared to the same quarter last year. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.
About TransDigm Group
(
Free Report)
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.
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