Norden Group LLC Invests $3.75 Million in TransDigm Group Incorporated (NYSE:TDG)

Norden Group LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,956 shares of the aerospace company's stock, valued at approximately $3,746,000.

A number of other large investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after purchasing an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock worth $391,918,000 after purchasing an additional 7,947 shares during the period. Westfield Capital Management Co. LP boosted its stake in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after purchasing an additional 8,655 shares during the period. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. Finally, Swiss National Bank boosted its stake in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after purchasing an additional 1,400 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock worth $155,847,223 over the last quarter. Company insiders own 4.09% of the company's stock.

TransDigm Group Trading Down 1.7 %

NYSE:TDG traded down $23.22 during midday trading on Tuesday, hitting $1,347.60. 261,207 shares of the company traded hands, compared to its average volume of 257,356. The firm's fifty day moving average is $1,316.62 and its 200-day moving average is $1,325.91. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The firm has a market capitalization of $75.58 billion, a P/E ratio of 47.53, a P/E/G ratio of 2.76 and a beta of 1.40.

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 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 analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.