Rhumbline Advisers Has $125.86 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Rhumbline Advisers decreased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,318 shares of the aerospace company's stock after selling 2,259 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of TransDigm Group worth $125,864,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group in the third quarter valued at about $29,000. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly 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. In the last quarter, insiders have sold 113,175 shares of company stock valued at $144,677,394. 4.09% of the stock is owned by company insiders.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded up $44.00 during trading on Wednesday, hitting $1,343.48. 319,264 shares of the company were exchanged, compared to its average volume of 270,346. The firm has a market capitalization of $75.34 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The firm's fifty day moving average price is $1,302.74 and its 200 day moving average price is $1,319.16. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $7.16 earnings per share. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,462.35.

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.