Truist Financial Corp Has $12.56 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Truist Financial Corp grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,908 shares of the aerospace company's stock after buying an additional 1,450 shares during the period. Truist Financial Corp's holdings in TransDigm Group were worth $12,556,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TDG. Private Advisor Group LLC grew its stake in shares of TransDigm Group by 22.9% during the 3rd quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company's stock valued at $2,494,000 after buying an additional 325 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of TransDigm Group by 24.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 457 shares of the aerospace company's stock valued at $653,000 after buying an additional 90 shares during the period. Greenleaf Trust boosted its position in TransDigm Group by 2.6% during the 3rd quarter. Greenleaf Trust now owns 1,479 shares of the aerospace company's stock worth $2,111,000 after purchasing an additional 38 shares during the period. International Assets Investment Management LLC boosted its position in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after purchasing an additional 48,833 shares during the period. Finally, Brighton Jones LLC boosted its position in TransDigm Group by 3.7% during the 3rd quarter. Brighton Jones LLC now owns 1,068 shares of the aerospace company's stock worth $1,525,000 after purchasing an additional 38 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $20.96 during trading hours on Friday, hitting $1,291.58. The stock had a trading volume of 198,831 shares, compared to its average volume of 264,719. The stock's fifty day simple moving average is $1,306.06 and its 200 day simple moving average is $1,319.28. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The firm has a market capitalization of $72.44 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.82 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate 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 business earned $7.16 earnings per share. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TDG shares. Truist Financial upped their price target 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction 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 $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,647 shares of company stock worth $151,878,163. 4.09% of the stock is owned by company insiders.

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.