Gulf International Bank UK Ltd Has $5.62 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Gulf International Bank UK Ltd cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,431 shares of the aerospace company’s stock after selling 47 shares during the quarter. Gulf International Bank UK Ltd’s holdings in TransDigm Group were worth $5,615,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. PFG Investments LLC acquired a new stake in TransDigm Group in the third quarter worth $226,000. Wealth Enhancement Advisory Services LLC increased its position in shares of TransDigm Group by 33.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company’s stock valued at $7,450,000 after buying an additional 1,322 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its stake in TransDigm Group by 24.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock worth $664,000 after buying an additional 91 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in TransDigm Group by 70.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 306 shares of the aerospace company’s stock worth $412,000 after buying an additional 126 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in TransDigm Group by 22.7% during the third quarter. First Trust Direct Indexing L.P. now owns 1,904 shares of the aerospace company’s stock worth $2,717,000 after acquiring an additional 352 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,647 shares of company stock worth $155,847,223 in the last ninety days. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Up 1.2 %

TDG stock opened at $1,348.25 on Friday. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The company has a market cap of $75.62 billion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40. The business has a 50 day moving average price of $1,312.27 and a two-hundred day moving average price of $1,322.71.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the business earned $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate 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.