Triasima Portfolio Management inc. Takes $911,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Triasima Portfolio Management inc. purchased a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 719 shares of the aerospace company's stock, valued at approximately $911,000.

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank raised its position in shares of TransDigm Group by 7.2% in the 3rd quarter. Czech National Bank now owns 11,430 shares of the aerospace company's stock worth $16,312,000 after purchasing an additional 767 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in TransDigm Group by 9.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,319 shares of the aerospace company's stock worth $1,882,000 after buying an additional 111 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of TransDigm Group in the third quarter worth approximately $280,000. Wedmont Private Capital grew its stake in shares of TransDigm Group by 4.6% during the 3rd quarter. Wedmont Private Capital now owns 746 shares of the aerospace company's stock valued at $1,012,000 after acquiring an additional 33 shares during the period. Finally, Quotient Wealth Partners LLC bought a new stake in TransDigm Group during the 3rd quarter worth approximately $217,000. Institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TDG shares. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, Truist Financial upped their price target 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,462.35.

TransDigm Group Stock Up 1.5 %

NYSE:TDG traded up $19.79 during mid-day trading on Tuesday, reaching $1,355.09. The company's stock had a trading volume of 127,552 shares, compared to its average volume of 256,052. The firm has a market capitalization of $75.99 billion, a PE ratio of 47.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The stock has a fifty day moving average of $1,296.16 and a 200-day moving average of $1,315.82. TransDigm Group Incorporated has a 1 year low of $1,100.86 and a 1 year 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 (EPS) for the quarter, beating 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 net margin of 20.76% and a negative return on equity of 42.87%. The company's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 earnings per share. On average, analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

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.