TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,111 shares of the aerospace company’s stock after buying an additional 1,788 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in TransDigm Group were worth $22,952,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. X Square Capital LLC raised its holdings in shares of TransDigm Group by 1.0% during the 4th quarter. X Square Capital LLC now owns 2,082 shares of the aerospace company’s stock valued at $2,638,000 after buying an additional 21 shares during the period. New Age Alpha Advisors LLC acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $6,243,000. Norges Bank purchased a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $973,353,000. Blair William & Co. IL lifted its position in shares of TransDigm Group by 0.4% during the fourth quarter. Blair William & Co. IL now owns 178,343 shares of the aerospace company’s stock worth $226,011,000 after purchasing an additional 674 shares in the last quarter. Finally, Pragma Gestao DE Patrimonio Ltd. lifted its position in shares of TransDigm Group by 14.2% during the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 13,700 shares of the aerospace company’s stock worth $17,362,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.5 %

TDG opened at $1,377.22 on Friday. The company’s 50-day moving average price is $1,343.19 and its 200 day moving average price is $1,329.72. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm has a market cap of $77.24 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for 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 business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $7.16 EPS. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TDG shares. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Wells Fargo & Company lifted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,477.18.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, 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 124,594 shares of company stock valued at $165,646,468 over the last three months. Company insiders own 4.09% of the company’s stock.

TransDigm Group Company 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.