Resona Asset Management Co. Ltd. Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Resona Asset Management Co. Ltd. bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,036 shares of the aerospace company's stock, valued at approximately $20,376,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in TransDigm Group by 9.5% during 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 last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of TransDigm Group by 7.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after buying an additional 1,086 shares in the last quarter. Unigestion Holding SA bought a new stake in shares of TransDigm Group in the third quarter worth $1,476,000. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group in the fourth quarter valued at $911,000. Finally, HighTower Advisors LLC boosted its stake in TransDigm Group by 82.9% during the 3rd quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company's stock valued at $21,663,000 after acquiring an additional 6,895 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDG. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. 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 research report on Monday, February 24th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Susquehanna raised their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,471.78.

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Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,594 shares of company stock valued at $165,646,468. Company insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

Shares of TDG traded up $3.10 during mid-day trading on Friday, reaching $1,301.30. 61,240 shares of the company's stock traded hands, compared to its average volume of 249,421. The business's 50-day moving average price is $1,335.12 and its 200-day moving average price is $1,324.78. The stock has a market capitalization of $72.98 billion, a P/E ratio of 45.92, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The company 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%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.16 EPS. Equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.