TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,700 shares of the aerospace company’s stock after selling 6,800 shares during the period. Swiss National Bank owned approximately 0.30% of TransDigm Group worth $204,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of TDG. Graham Capital Management L.P. purchased a new position in TransDigm Group during the third quarter worth approximately $551,000. Public Sector Pension Investment Board boosted its position in TransDigm Group by 18.3% during the third quarter. Public Sector Pension Investment Board now owns 5,911 shares of the aerospace company’s stock worth $4,984,000 after purchasing an additional 914 shares in the last quarter. Citigroup Inc. boosted its position in TransDigm Group by 15.4% during the third quarter. Citigroup Inc. now owns 46,933 shares of the aerospace company’s stock worth $39,571,000 after purchasing an additional 6,279 shares in the last quarter. Vanguard Group Inc. boosted its position in TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after purchasing an additional 104,433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in TransDigm Group by 41.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 126 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 37 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Robert W. Baird raised their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Truist Financial lifted their price objective on TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,414.06.

TransDigm Group Trading Down 1.1 %

Shares of TransDigm Group stock traded down $13.33 on Friday, hitting $1,242.31. The stock had a trading volume of 409,733 shares, compared to its average volume of 251,095. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The stock has a market cap of $69.52 billion, a price-to-earnings ratio of 49.28, a P/E/G ratio of 2.08 and a beta of 1.38. The company’s 50 day moving average price is $1,307.03 and its 200 day moving average price is $1,204.73.

TransDigm Group (NYSE:TDG) last issued its quarterly 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 negative return on equity of 63.35% and a net margin of 21.22%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.39 EPS. Analysts predict that TransDigm Group Incorporated will post 30.14 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders have sold 90,832 shares of company stock worth $119,086,831 in the last quarter. Company insiders own 4.96% of the company’s stock.

TransDigm Group 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.