Mitsubishi UFJ Asset Management Co. Ltd. Acquires 7,837 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,895 shares of the aerospace company's stock after buying an additional 7,837 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of TransDigm Group worth $115,942,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after acquiring an additional 79,284 shares in the last quarter. State Street Corp raised its position in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after purchasing an additional 29,489 shares during the period. Principal Financial Group Inc. lifted its stake in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. boosted its position in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of TransDigm Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after buying an additional 19,314 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Remove Ads

TransDigm Group Trading Up 0.8 %

TransDigm Group stock traded up $10.54 on Tuesday, hitting $1,393.83. 50,284 shares of the stock traded hands, compared to its average volume of 241,897. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a market cap of $78.17 billion, a P/E ratio of 49.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business's fifty day simple moving average is $1,344.01 and its 200 day simple moving average is $1,329.97.

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 analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $7.16 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares in the company, valued at $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 in the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDG shares. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,477.18.

About TransDigm Group

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.