National Bank of Canada FI Has $20.07 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

National Bank of Canada FI boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,225 shares of the aerospace company’s stock after buying an additional 4,301 shares during the quarter. National Bank of Canada FI’s holdings in TransDigm Group were worth $20,067,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Blue Fin Capital Inc. increased its holdings in shares of TransDigm Group by 25.1% during the 4th quarter. Blue Fin Capital Inc. now owns 911 shares of the aerospace company’s stock worth $922,000 after acquiring an additional 183 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of TransDigm Group in the fourth quarter valued at $899,000. M&T Bank Corp raised its position in shares of TransDigm Group by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,028 shares of the aerospace company’s stock valued at $8,121,000 after purchasing an additional 164 shares during the period. Merit Financial Group LLC lifted its stake in shares of TransDigm Group by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 661 shares of the aerospace company’s stock worth $668,000 after buying an additional 25 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in shares of TransDigm Group during the 4th quarter worth about $202,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the sale, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the SEC, 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 that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,087 shares of company stock worth $69,840,358. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.7 %

Shares of TransDigm Group stock opened at $1,310.40 on Wednesday. TransDigm Group Incorporated has a 12-month low of $766.00 and a 12-month high of $1,315.02. The company has a market capitalization of $72.87 billion, a price-to-earnings ratio of 55.62, a PEG ratio of 2.63 and a beta of 1.40. The firm’s 50-day moving average price is $1,217.21 and its two-hundred day moving average price is $1,083.86.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $5.39 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Susquehanna boosted their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Robert W. Baird increased their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, KeyCorp boosted their target price 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. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,193.20.

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.