TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,953 shares of the aerospace company's stock after selling 3,270 shares during the quarter. Bank of Montreal Can owned about 0.10% of TransDigm Group worth $73,443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Norges Bank purchased a new position in TransDigm Group during the fourth quarter worth $973,353,000. Proficio Capital Partners LLC lifted its stake in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter valued at approximately $399,595,000. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of 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 worth $2,694,585,000 after buying an additional 185,422 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now directly owns 95,147 shares of the company's stock, valued at $127,042,177.34. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,594 shares of company stock valued at $140,302,268 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $23.01 during trading on Monday, hitting $1,336.10. 63,004 shares of the company's stock were exchanged, compared to its average volume of 250,014. The stock has a market capitalization of $74.94 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 2.76 and a beta of 1.08. The business has a 50-day simple moving average of $1,335.18 and a 200-day simple moving average of $1,323.45. 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 issued its 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. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.16 earnings per share. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDG. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,471.78.

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.