TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Choate Investment Advisors

Choate Investment Advisors lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 478 shares of the aerospace company’s stock after purchasing an additional 34 shares during the period. Choate Investment Advisors’ holdings in TransDigm Group were worth $606,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after buying an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. raised its position in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Finally, Swiss National Bank raised its position in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TDG shares. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the completion of the transaction, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,594 shares of company stock valued at $164,002,398 over the last quarter. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Stock Up 1.3 %

TDG opened at $1,346.98 on Monday. TransDigm Group Incorporated has a 52 week low of $1,163.82 and a 52 week high of $1,451.32. The business has a 50 day moving average price of $1,326.27 and a two-hundred day moving average price of $1,327.28. The company has a market cap of $75.55 billion, a PE ratio of 47.51, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.16 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 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.