DnB Asset Management AS Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

DnB Asset Management AS boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,623 shares of the aerospace company's stock after buying an additional 599 shares during the quarter. DnB Asset Management AS's holdings in TransDigm Group were worth $31,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC lifted its stake in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC boosted its holdings in TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after buying an additional 8 shares in the last quarter. CX Institutional grew its position in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after buying an additional 9 shares during the period. Finally, Western Financial Corp CA increased its holdings in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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TransDigm Group Price Performance

TransDigm Group stock traded up $16.00 during trading on Wednesday, reaching $1,413.44. 93,486 shares of the company were exchanged, compared to its average volume of 242,341. The stock's 50 day simple moving average is $1,344.78 and its two-hundred day simple moving average is $1,330.16. The company has a market capitalization of $79.27 billion, a P/E ratio of 49.86, a PEG ratio of 2.76 and a beta of 1.38. 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 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 earnings per share. As a group, equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The stock was 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 of the company's stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock worth $165,646,468. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of 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 note on Thursday, January 2nd. Finally, Truist Financial upped their price objective on shares of 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,480.12.

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.