American International Group Inc. Buys 382 Shares of TransDigm Group Incorporated (NYSE:TDG)

American International Group Inc. increased its position in TransDigm Group Incorporated (NYSE:TDG) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,225 shares of the aerospace company’s stock after acquiring an additional 382 shares during the quarter. American International Group Inc.’s holdings in TransDigm Group were worth $15,402,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after acquiring an additional 104,433 shares in the last quarter. Capital World Investors raised its stake in TransDigm Group by 4.0% in the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after purchasing an additional 120,058 shares in the last quarter. FMR LLC raised its stake in TransDigm Group by 9.0% in the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. JPMorgan Chase & Co. lifted its position in TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Finally, Norges Bank purchased a new position in TransDigm Group in the 4th quarter worth approximately $790,822,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of analyst reports. Susquehanna lifted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Bank of America upped their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Finally, Truist Financial lifted their price objective on TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,371.19.

Insider Buying and Selling at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3 shares of company stock worth $1,690 and have sold 100,833 shares worth $131,249,183. 4.96% of the stock is owned by insiders.

TransDigm Group Stock Down 2.2 %

NYSE TDG traded down $28.89 during trading on Friday, hitting $1,294.76. 194,186 shares of the stock traded hands, compared to its average volume of 196,952. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The firm has a 50-day simple moving average of $1,284.16 and a 200-day simple moving average of $1,161.62. The company has a market capitalization of $72.45 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.39 EPS. As a group, research analysts predict that TransDigm Group Incorporated will post 29.99 EPS for the current fiscal 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.