Invesco Ltd. Sells 26,959 Shares of TransDigm Group Incorporated (NYSE:TDG)

Invesco Ltd. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 501,722 shares of the aerospace company's stock after selling 26,959 shares during the period. Invesco Ltd. owned approximately 0.89% of TransDigm Group worth $635,822,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after acquiring an additional 5,414 shares during the last quarter. Unigestion Holding SA raised its stake in shares of TransDigm Group by 8.3% in the fourth quarter. Unigestion Holding SA now owns 1,120 shares of the aerospace company's stock worth $1,419,000 after purchasing an additional 86 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of TransDigm Group by 8.9% in the fourth quarter. Federated Hermes Inc. now owns 42,070 shares of the aerospace company's stock valued at $53,315,000 after purchasing an additional 3,431 shares in the last quarter. Edgewood Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter valued at approximately $399,595,000. Finally, Russell Investments Group Ltd. grew its holdings in TransDigm Group by 2.0% during the fourth quarter. Russell Investments Group Ltd. now owns 66,863 shares of the aerospace company's stock worth $84,744,000 after buying an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Stock Performance

NYSE TDG traded up $11.46 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 firm has a 50-day moving average of $1,335.18 and a 200-day moving average of $1,323.45. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. 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 announced 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. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $7.16 EPS. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TDG. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on 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, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,471.78.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

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.