Swiss National Bank lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,500 shares of the aerospace company's stock after selling 7,600 shares during the quarter. Swiss National Bank owned 0.28% of TransDigm Group worth $200,864,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in TDG. Proficio Capital Partners LLC boosted its stake in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Windacre Partnership LLC lifted its holdings in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the period. Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of TransDigm Group during the 4th quarter worth $100,811,000. Institutional investors and hedge funds own 95.78% of the company's stock.
A number of analysts recently commented on TDG shares. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Barclays reissued an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,472.47.
Read Our Latest Research Report on TransDigm Group
TDG stock opened at $1,328.90 on Friday. The company has a 50 day moving average price of $1,324.84 and a two-hundred day moving average price of $1,327.01. The stock has a market capitalization of $74.53 billion, a P/E ratio of 46.87, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,163.82 and a one year high of $1,451.32.
TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.
In other news, COO Joel Reiss sold 3,000 shares of the company'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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % 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 worth $164,002,398 in the last three months. Company insiders own 4.09% of the company's stock.
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.
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