Chevy Chase Trust Holdings LLC Has $37.58 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,652 shares of the aerospace company's stock after selling 563 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of TransDigm Group worth $37,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Personal Financial Services bought a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after purchasing an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC boosted its position in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Trading Down 1.1 %

TDG traded down $14.54 during midday trading on Tuesday, reaching $1,299.66. The company's stock had a trading volume of 270,776 shares, compared to its average volume of 265,424. The company has a fifty day simple moving average of $1,301.98 and a 200 day simple moving average of $1,318.55. The stock has a market cap of $72.88 billion, a P/E ratio of 45.84, a PEG ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $7.16 EPS. The business's revenue was up 12.1% on a year-over-year basis. Sell-side analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,525 shares of company stock valued at $139,851,401. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDG. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,462.35.

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.