Royal London Asset Management Ltd. Purchases 266 Shares of TransDigm Group Incorporated (NYSE:TDG)

Royal London Asset Management Ltd. increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,834 shares of the aerospace company’s stock after acquiring an additional 266 shares during the period. Royal London Asset Management Ltd.’s holdings in TransDigm Group were worth $35,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC increased its position in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter worth about $30,000. Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the first quarter worth about $39,000. Crewe Advisors LLC purchased a new position in TransDigm Group in the first quarter valued at about $46,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $43,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. In the last three months, insiders sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TDG has been the topic of several research analyst reports. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. UBS Group reduced their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Trading Up 0.6 %

Shares of TDG opened at $1,310.75 on Wednesday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83. The company has a market cap of $73.55 billion, a PE ratio of 51.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The stock has a 50-day moving average price of $1,277.86 and a 200-day moving average price of $1,265.50.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.55 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

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.