First Hawaiian Bank Buys Shares of 825 TransDigm Group Incorporated (NYSE:TDG)

First Hawaiian Bank purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 825 shares of the aerospace company’s stock, valued at approximately $1,054,000.

Several other institutional investors also recently modified their holdings of TDG. Oakworth Capital Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at $26,000. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter valued at about $30,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group in the fourth quarter valued at about $37,000. Oliver Lagore Vanvalin Investment Group raised its position 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 valued at $38,000 after acquiring an additional 12 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in TransDigm Group during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG traded up $51.76 on Tuesday, reaching $1,261.21. The company had a trading volume of 249,123 shares, compared to its average volume of 225,399. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The business has a 50 day simple moving average of $1,287.02 and a 200 day simple moving average of $1,233.02. The company has a market cap of $70.58 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $5.39 earnings per share. The business’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group Incorporated will post 30.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird raised their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Truist Financial raised 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. Finally, Bank of America raised their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,417.69.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,905 shares of company stock worth $137,900,519. Insiders own 4.96% of the company’s stock.

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.