Adams Diversified Equity Fund Inc. Has $10.77 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Adams Diversified Equity Fund Inc. reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 49.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,500 shares of the aerospace company's stock after selling 8,400 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in TransDigm Group were worth $10,772,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after buying an additional 29,489 shares during the last quarter. Principal Financial Group Inc. boosted its stake in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. FMR LLC increased its stake 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after purchasing an additional 19,314 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have recently issued reports on TDG. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price target on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research report on Tuesday. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,477.18.

TransDigm Group Stock Performance

TDG traded up $13.27 on Tuesday, hitting $1,393.62. 186,787 shares of the company were exchanged, compared to its average volume of 232,814. The stock's fifty day moving average is $1,337.26 and its 200-day moving average is $1,327.53. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company has a market cap of $78.16 billion, a PE ratio of 49.16, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 3,600 shares of the company's stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 over the last quarter. 4.09% of the stock is currently owned by insiders.

About TransDigm Group

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.