Sit Investment Associates Inc. Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Sit Investment Associates Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,710 shares of the aerospace company's stock after buying an additional 210 shares during the period. Sit Investment Associates Inc.'s holdings in TransDigm Group were worth $2,167,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TDG. IHT Wealth Management LLC boosted its position in TransDigm Group by 11.9% in the third quarter. IHT Wealth Management LLC now owns 188 shares of the aerospace company's stock valued at $268,000 after buying an additional 20 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of TransDigm Group by 0.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company's stock valued at $2,730,000 after acquiring an additional 11 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of TransDigm Group by 12.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 4,881 shares of the aerospace company's stock valued at $6,966,000 after acquiring an additional 550 shares in the last quarter. EP Wealth Advisors LLC grew its position in TransDigm Group by 3.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 6,298 shares of the aerospace company's stock worth $8,988,000 after acquiring an additional 183 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in TransDigm Group by 47.4% in the 3rd quarter. National Bank of Canada FI now owns 31,834 shares of the aerospace company's stock worth $45,431,000 after purchasing an additional 10,235 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDG. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Truist Financial raised their target price 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. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,471.78.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $11.46 on Friday, reaching $1,309.66. 268,284 shares of the company's stock were exchanged, compared to its average volume of 250,497. The firm's 50-day moving average is $1,335.18 and its two-hundred day moving average is $1,323.99. The company has a market capitalization of $73.45 billion, a P/E ratio of 46.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

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

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 in the last three months. Company insiders own 4.09% of the company's stock.

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.