Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,403 shares of the aerospace company's stock after selling 888 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in TransDigm Group were worth $32,193,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TDG. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group in the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc grew its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 18 shares during the period. Finally, Sachetta LLC raised its holdings in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The stock was 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 directly owns 8,158 shares of the company's stock, valued at $10,337,899.18. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, 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 sold a total of 124,594 shares of company stock valued at $165,646,468 over the last quarter. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

TDG stock traded up $4.16 during midday trading on Monday, reaching $1,381.36. The company had a trading volume of 380,984 shares, compared to its average volume of 242,629. The firm has a 50-day moving average price of $1,344.01 and a 200-day moving average price of $1,329.97. The company has a market capitalization of $77.47 billion, a P/E ratio of 48.73, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Barclays reiterated an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently 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.