TransDigm Group Incorporated (NYSE:TDG) Shares Bought by M&T Bank Corp

M&T Bank Corp grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,028 shares of the aerospace company’s stock after acquiring an additional 164 shares during the quarter. M&T Bank Corp’s holdings in TransDigm Group were worth $8,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new position in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. bought a new position in TransDigm Group in the fourth quarter worth $26,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after buying an additional 12 shares in the last quarter. Optiver Holding B.V. bought a new stake in TransDigm Group during the 3rd quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its position in shares of TransDigm Group by 134.8% during the fourth quarter. Blue Trust Inc. now owns 54 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s 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 transaction, 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 ninety days, insiders have sold 59,087 shares of company stock worth $69,840,358. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 1.7 %

TDG opened at $1,293.80 on Monday. The business’s 50 day moving average is $1,212.23 and its two-hundred day moving average is $1,077.11. TransDigm Group Incorporated has a 52 week low of $750.86 and a 52 week high of $1,303.49. The firm has a market cap of $71.94 billion, a price-to-earnings ratio of 54.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.15 earnings per share. Equities analysts expect that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TDG shares. Barclays boosted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. KeyCorp upped their price target on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,170.27.

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.