Bank of Hawaii Has $649,000 Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Bank of Hawaii lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 77.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 512 shares of the aerospace company's stock after selling 1,726 shares during the period. Bank of Hawaii's holdings in TransDigm Group were worth $649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after acquiring an additional 79,284 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. FMR LLC increased its position in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in TransDigm Group by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock worth $1,636,409,000 after buying an additional 159,839 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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TransDigm Group Stock Up 1.6 %

NYSE:TDG traded up $21.24 on Monday, reaching $1,334.33. The stock had a trading volume of 337,699 shares, compared to its average volume of 251,072. The company has a market capitalization of $74.84 billion, a P/E ratio of 47.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The stock has a fifty day moving average price of $1,335.18 and a 200-day moving average price of $1,323.45.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $7.16 EPS. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Susquehanna boosted their price objective on shares of 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. 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,471.78.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction 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. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,594 shares of company stock worth $140,302,268. 4.09% of the stock is owned by corporate insiders.

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.