JPMorgan Chase & Co. Buys 206,822 Shares of TransDigm Group Incorporated (NYSE:TDG)

JPMorgan Chase & Co. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,204,649 shares of the aerospace company's stock after buying an additional 206,822 shares during the quarter. JPMorgan Chase & Co. owned about 3.93% of TransDigm Group worth $2,793,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TDG. Erste Asset Management GmbH bought a new stake in TransDigm Group in the third quarter valued at $29,000. Capital Advisors Ltd. LLC increased its position in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont increased its position in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc raised its stake in TransDigm Group by 225.0% during the 4th 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. Finally, Sachetta LLC boosted its holdings in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

NYSE TDG traded up $0.49 during trading hours on Monday, reaching $1,377.69. 67,366 shares of the stock traded hands, compared to its average volume of 252,742. The stock has a 50 day simple moving average of $1,343.19 and a two-hundred day simple moving average of $1,329.73. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The company has a market cap of $77.27 billion, a price-to-earnings ratio of 48.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

Remove Ads

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

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last three months. 4.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted 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, March 25th. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,477.18.

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.