TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 423,429 shares of the aerospace company's stock after selling 37,498 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.76% of TransDigm Group worth $536,604,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc increased its position in TransDigm Group by 225.0% during the fourth 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 period. Meeder Asset Management Inc. lifted its stake in TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares during the last quarter. Finally, Sachetta LLC boosted its holdings in shares of TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,894 shares of company stock valued at $167,450,256. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Stock Performance

TDG traded up $9.22 on Tuesday, reaching $1,404.94. 95,366 shares of the company's stock were exchanged, compared to its average volume of 254,705. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The company's 50 day moving average is $1,339.86 and its 200-day moving average is $1,319.51. The company has a market cap of $78.80 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.