UniSuper Management Pty Ltd Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

UniSuper Management Pty Ltd grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,036 shares of the aerospace company's stock after buying an additional 1,061 shares during the quarter. UniSuper Management Pty Ltd's holdings in TransDigm Group were worth $5,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the third quarter worth $29,000. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc lifted its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, Sachetta LLC lifted its holdings in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TDG shares. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Wells Fargo & Company raised their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,477.18.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Up 0.9 %

Shares of TransDigm Group stock traded up $12.22 during trading on Tuesday, reaching $1,395.51. The company's stock had a trading volume of 140,963 shares, compared to its average volume of 242,251. 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 50-day simple moving average of $1,344.01 and a two-hundred day simple moving average of $1,329.97. The company has a market cap of $78.27 billion, a price-to-earnings ratio of 49.23, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $7.16 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

About TransDigm Group

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.