Norges Bank Invests $973.35 Million in TransDigm Group Incorporated (NYSE:TDG)

Norges Bank acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 768,065 shares of the aerospace company's stock, valued at approximately $973,353,000. Norges Bank owned about 1.37% of TransDigm Group at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Blair William & Co. IL lifted its position in TransDigm Group by 0.4% in the fourth quarter. Blair William & Co. IL now owns 178,343 shares of the aerospace company's stock valued at $226,011,000 after acquiring an additional 674 shares during the last quarter. Pragma Gestao DE Patrimonio Ltd. increased its position in shares of TransDigm Group by 14.2% during the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 13,700 shares of the aerospace company's stock worth $17,362,000 after purchasing an additional 1,700 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of TransDigm Group by 35.7% in the 4th quarter. UniSuper Management Pty Ltd now owns 4,036 shares of the aerospace company's stock valued at $5,115,000 after purchasing an additional 1,061 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TransDigm Group by 9.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 90,895 shares of the aerospace company's stock worth $115,942,000 after buying an additional 7,837 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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TransDigm Group Stock Up 0.9 %

Shares of NYSE TDG traded up $12.55 during midday trading on Tuesday, hitting $1,395.84. The company had a trading volume of 71,404 shares, compared to its average volume of 254,958. The firm has a market capitalization of $78.29 billion, a price-to-earnings ratio of 49.24, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The business has a 50-day simple moving average of $1,344.01 and a two-hundred day simple moving average of $1,329.97.

TransDigm Group (NYSE:TDG - Get Free Report) last posted 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 the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDG. UBS Group raised 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. StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company increased 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. Finally, Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,477.18.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were 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 represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by corporate 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.