Federated Hermes Inc. Purchases 3,431 Shares of TransDigm Group Incorporated (NYSE:TDG)

Federated Hermes Inc. grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,070 shares of the aerospace company's stock after buying an additional 3,431 shares during the period. Federated Hermes Inc. owned 0.08% of TransDigm Group worth $53,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC lifted its holdings in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after buying an additional 8 shares during the period. 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 acquiring an additional 8 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 8 shares during the period. CX Institutional raised 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 during the period. Finally, Western Financial Corp CA lifted its holdings in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Remove Ads

TransDigm Group Stock Up 0.9 %

TDG traded up $11.46 during trading hours on Friday, hitting $1,309.66. The stock had a trading volume of 268,284 shares, compared to its average volume of 250,725. The stock has a market cap of $73.45 billion, a PE ratio of 46.20, 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 company's fifty day simple moving average is $1,335.18 and its 200 day simple moving average is $1,323.45.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $7.16 earnings per share. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

TDG has been the subject of a number of analyst reports. 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. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their price objective on shares of 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. Finally, Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average target price of $1,471.78.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,646,468 over the last three months. Company insiders own 4.09% of the company's stock.

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.