TransDigm Group Incorporated (NYSE:TDG) Position Increased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 162.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,963 shares of the aerospace company’s stock after buying an additional 3,072 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in TransDigm Group were worth $6,290,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TDG. Norges Bank bought a new position in shares of TransDigm Group during the fourth quarter worth about $973,353,000. Proficio Capital Partners LLC grew its position in TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Windacre Partnership LLC increased its stake in shares of 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 purchasing an additional 217,700 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after buying an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after buying an additional 185,422 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This 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 124,594 shares of company stock valued at $165,646,468 in the last three months. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TDG. UBS Group raised 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,477.18.

TransDigm Group Trading Down 0.5 %

Shares of TDG opened at $1,377.22 on Friday. The business’s 50-day moving average price is $1,343.19 and its 200 day moving average price is $1,329.72. The stock has a market capitalization of $77.24 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32.

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, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $7.16 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current 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.