Navellier & Associates Inc. Purchases 91 Shares of TransDigm Group Incorporated (NYSE:TDG)

Navellier & Associates Inc. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,273 shares of the aerospace company’s stock after buying an additional 91 shares during the quarter. Navellier & Associates Inc.’s holdings in TransDigm Group were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TDG. CIBC Asset Management Inc increased its stake in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after acquiring an additional 644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after acquiring an additional 7,947 shares during the period. JPMorgan Chase & Co. increased its stake in 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 acquiring an additional 173,642 shares during the period. Westfield Capital Management Co. LP increased its stake in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after acquiring an additional 8,655 shares during the period. Finally, Swiss National Bank increased its stake in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TDG. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,462.35.

Insider Activity at TransDigm Group

In other TransDigm Group 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 transaction, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,647 shares of company stock valued at $151,878,163 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Down 1.6 %

NYSE TDG opened at $1,291.58 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 $72.43 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The business’s fifty day moving average is $1,306.06 and its 200 day moving average is $1,319.28.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data 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 negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share 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.