Korea Investment CORP Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Korea Investment CORP lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,057 shares of the aerospace company's stock after selling 9,912 shares during the period. Korea Investment CORP owned about 0.07% of TransDigm Group worth $46,962,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDG. UNIVEST FINANCIAL Corp lifted its position in shares of TransDigm Group by 6.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 3,769 shares of the aerospace company's stock valued at $4,776,000 after buying an additional 222 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in TransDigm Group by 24.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 666 shares of the aerospace company's stock worth $844,000 after acquiring an additional 132 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $525,000. Dudley Capital Management LLC lifted its position in shares of TransDigm Group by 8.5% during the 4th quarter. Dudley Capital Management LLC now owns 230 shares of the aerospace company's stock valued at $291,000 after acquiring an additional 18 shares during the period. Finally, Interchange Capital Partners LLC lifted its position in TransDigm Group by 16.8% during the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the aerospace company's stock worth $308,000 after purchasing an additional 35 shares during the period. Institutional investors own 95.78% of the company's stock.

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Analyst Ratings Changes

TDG has been the topic of several research analyst reports. Truist Financial raised their price objective on 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. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays restated 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, Wells Fargo & Company raised their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,477.18.

TransDigm Group Stock Up 0.9 %

TDG traded up $11.93 during trading on Tuesday, hitting $1,395.22. 222,682 shares of the company traded hands, compared to its average volume of 242,924. The firm has a market cap of $78.25 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The stock's fifty day moving average is $1,344.78 and its 200 day moving average is $1,330.16.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its 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. The firm 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 business's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.16 earnings per share. On average, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's 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 sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

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.