Thrivent Financial for Lutherans Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Thrivent Financial for Lutherans lowered its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,155 shares of the aerospace company's stock after selling 1,398 shares during the quarter. Thrivent Financial for Lutherans' holdings in TransDigm Group were worth $5,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. Principal Financial Group Inc. grew its position 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 valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 buying an additional 173,642 shares in the last quarter. FMR LLC boosted its stake in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after buying an additional 43,604 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on TDG shares. Truist Financial increased 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. Wells Fargo & Company increased their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Citigroup boosted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,477.18.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $7.04 during trading on Friday, hitting $1,377.22. 272,911 shares of the company traded hands, compared to its average volume of 241,766. The firm has a market capitalization of $77.24 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. The business's fifty day moving average is $1,342.45 and its 200 day moving average is $1,329.07. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.01 billion for 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 business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.16 earnings per share. On average, analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now 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 is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's 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 owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % 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 over the last quarter. 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.