Fmr LLC Buys 5,414 Shares of TransDigm Group Incorporated (NYSE:TDG)

FMR LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,925,595 shares of the aerospace company's stock after purchasing an additional 5,414 shares during the period. FMR LLC owned 3.43% of TransDigm Group worth $2,440,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDG. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of TransDigm Group by 7.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after acquiring an additional 1,086 shares during the last quarter. Unigestion Holding SA purchased a new stake in shares of TransDigm Group during the third quarter worth $1,476,000. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group during the fourth quarter valued at $911,000. Finally, HighTower Advisors LLC grew its stake in TransDigm Group by 82.9% in the third quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company's stock valued at $21,663,000 after purchasing an additional 6,895 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

TDG traded up $13.32 on Friday, hitting $1,311.52. 88,956 shares of the stock were exchanged, compared to its average volume of 249,531. The firm has a market capitalization of $73.56 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The business has a 50-day moving average of $1,335.12 and a two-hundred day moving average of $1,324.78.

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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 (EPS) for the quarter, beating 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company posted $7.16 EPS. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDG has been the topic of several recent research reports. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial lifted their price objective 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,471.78.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The stock was 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 directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,646,468 in the last 90 days. Corporate 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.