CIBC Asset Management Inc Buys 385 Shares of TransDigm Group Incorporated (NYSE:TDG)

CIBC Asset Management Inc grew its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,554 shares of the aerospace company's stock after buying an additional 385 shares during the quarter. CIBC Asset Management Inc's holdings in TransDigm Group were worth $10,840,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TDG. Souders Financial Advisors increased its holdings in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock valued at $1,137,000 after acquiring an additional 8 shares during the period. Prosperity Financial Group Inc. raised its stake in shares of TransDigm Group by 3.6% during the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock valued at $328,000 after buying an additional 8 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after purchasing an additional 8 shares in the last quarter. Quent Capital LLC increased its stake in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares in the last quarter. Finally, CX Institutional increased its stake in TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Down 1.6 %

NYSE TDG traded down $20.96 during trading hours on Friday, reaching $1,291.58. The company's stock had a trading volume of 198,831 shares, compared to its average volume of 264,719. The business has a 50-day simple moving average of $1,306.06 and a 200 day simple moving average of $1,319.28. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The stock has a market cap of $72.44 billion, a PE ratio of 45.56, a PEG ratio of 2.82 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,647 shares of company stock worth $151,878,163 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TDG has been the topic of several recent research reports. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,462.35.

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.