TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 967 shares of the aerospace company's stock after selling 362 shares during the period. Oppenheimer Asset Management Inc.'s holdings in TransDigm Group were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TDG. State Street Corp increased its stake 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 in the last quarter. Principal Financial Group Inc. boosted 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 in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC raised its position in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock worth $1,612,583,000 after buying an additional 19,314 shares during the period. Institutional investors own 95.78% of the company's stock.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. The trade was 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 sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TDG. Truist Financial boosted their price target 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. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup raised their target price 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. Six 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Stock Performance

Shares of TDG traded up $19.50 on Wednesday, hitting $1,369.31. 66,115 shares of the stock traded hands, compared to its average volume of 252,701. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The company has a market capitalization of $76.80 billion, a PE ratio of 48.30, a P/E/G ratio of 2.76 and a beta of 1.40. The business has a 50 day simple moving average of $1,316.62 and a 200 day simple moving average of $1,325.91.

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 for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during 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%. TransDigm Group's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.16 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.