Victory Capital Management Inc. Sells 408 Shares of TransDigm Group Incorporated (NYSE:TDG)

Victory Capital Management Inc. trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,499 shares of the aerospace company's stock after selling 408 shares during the period. Victory Capital Management Inc.'s holdings in TransDigm Group were worth $24,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH increased its stake in TransDigm Group by 1.6% during the 4th quarter. Keybank National Association OH now owns 5,862 shares of the aerospace company's stock valued at $7,429,000 after buying an additional 92 shares during the period. Westover Capital Advisors LLC acquired a new position in shares of TransDigm Group during the fourth quarter valued at approximately $303,000. Commerzbank Aktiengesellschaft FI raised its holdings in TransDigm Group by 49.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 684 shares of the aerospace company's stock worth $876,000 after purchasing an additional 227 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in TransDigm Group by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,253 shares of the aerospace company's stock worth $443,869,000 after purchasing an additional 12,147 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in TransDigm Group by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,837 shares of the aerospace company's stock valued at $9,931,000 after purchasing an additional 251 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Robert J. Small sold 38,053 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's 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 transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 181,647 shares of company stock worth $236,483,623 in the last quarter. Insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $8.91 during midday trading on Wednesday, reaching $1,328.78. 155,724 shares of the company's stock were exchanged, compared to its average volume of 256,214. The firm has a market capitalization of $74.52 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The company's 50 day simple moving average is $1,322.16 and its two-hundred day simple moving average is $1,327.00. TransDigm Group Incorporated has a 12 month low of $1,163.82 and a 12 month 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 (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the business earned $7.16 earnings per share. The business's revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Barclays restated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.