Generali Asset Management SPA SGR Purchases New Position in TransDigm Group Incorporated (NYSE:TDG)

Generali Asset Management SPA SGR purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,405 shares of the aerospace company's stock, valued at approximately $3,048,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TDG. Axxcess Wealth Management LLC grew its stake in TransDigm Group by 93.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 469 shares of the aerospace company's stock worth $594,000 after buying an additional 226 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of TransDigm Group by 85.8% during the 4th quarter. Parallel Advisors LLC now owns 862 shares of the aerospace company's stock worth $1,093,000 after acquiring an additional 398 shares during the last quarter. Cibc World Markets Corp grew its position in TransDigm Group by 16.6% in the fourth quarter. Cibc World Markets Corp now owns 8,863 shares of the aerospace company's stock worth $11,232,000 after acquiring an additional 1,262 shares in the last quarter. Glenview Trust co increased its stake in TransDigm Group by 46.2% in the fourth quarter. Glenview Trust co now owns 1,231 shares of the aerospace company's stock valued at $1,560,000 after acquiring an additional 389 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in TransDigm Group by 180.9% during the fourth quarter. Corient Private Wealth LLC now owns 43,455 shares of the aerospace company's stock valued at $55,072,000 after purchasing an additional 27,983 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TDG. UBS Group upgraded 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. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Price Performance

TDG stock traded up $36.70 during midday trading on Monday, hitting $1,382.82. The stock had a trading volume of 204,744 shares, compared to its average volume of 232,861. The business has a 50-day moving average of $1,335.17 and a two-hundred day moving average of $1,327.15. The firm has a market cap of $77.56 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping 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 for 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 company's revenue was up 12.1% compared to the same quarter last year. Research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.