Aviva PLC Trims Holdings in TransDigm Group Incorporated (NYSE:TDG)

Aviva PLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 21.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,536 shares of the aerospace company's stock after selling 2,651 shares during the quarter. Aviva PLC's holdings in TransDigm Group were worth $12,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC boosted its holdings in shares of TransDigm Group by 11.9% during the third quarter. IHT Wealth Management LLC now owns 188 shares of the aerospace company's stock worth $268,000 after purchasing an additional 20 shares during the period. Wellington Management Group LLP grew its position in shares of TransDigm Group by 0.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company's stock worth $2,730,000 after buying an additional 11 shares during the last quarter. National Bank of Canada FI increased its stake in shares of TransDigm Group by 47.4% during the third quarter. National Bank of Canada FI now owns 31,834 shares of the aerospace company's stock valued at $45,431,000 after buying an additional 10,235 shares during the period. XTX Topco Ltd bought a new stake in TransDigm Group in the third quarter valued at $253,000. Finally, Orion Portfolio Solutions LLC raised its holdings in TransDigm Group by 6.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,068 shares of the aerospace company's stock worth $1,524,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Finally, Truist Financial raised their target price on shares of 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. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,471.78.

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TransDigm Group Price Performance

NYSE TDG traded up $11.46 during trading hours on Friday, hitting $1,309.66. The company's stock had a trading volume of 268,284 shares, compared to its average volume of 250,725. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company's 50 day simple moving average is $1,335.18 and its two-hundred day simple moving average is $1,323.45. The company has a market cap of $73.45 billion, a P/E ratio of 46.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS 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 for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.16 earnings per share. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company's stock, valued at $127,042,177.34. This trade represents a 1.04 % decrease in their ownership of the stock. 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 ninety days. 4.09% of the stock is currently owned by company insiders.

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.