TransDigm Group Incorporated (TDG) Shares Bought by American International Group Inc.

American International Group Inc. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 71.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,380 shares of the aerospace company’s stock after acquiring an additional 15,214 shares during the quarter. American International Group Inc. owned approximately 0.07% of TransDigm Group worth $12,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. Gilbert & Cook Inc. raised its position in shares of TransDigm Group by 3.5% in the fourth quarter. Gilbert & Cook Inc. now owns 716 shares of the aerospace company’s stock valued at $243,000 after purchasing an additional 24 shares during the period. JOYN Advisors Inc. raised its position in shares of TransDigm Group by 33.3% in the fourth quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 33 shares during the period. Keybank National Association OH raised its position in shares of TransDigm Group by 0.9% in the fourth quarter. Keybank National Association OH now owns 7,072 shares of the aerospace company’s stock valued at $2,405,000 after purchasing an additional 64 shares during the period. M&T Bank Corp raised its position in shares of TransDigm Group by 1.3% in the fourth quarter. M&T Bank Corp now owns 6,060 shares of the aerospace company’s stock valued at $2,060,000 after purchasing an additional 76 shares during the period. Finally, Cerity Partners LLC raised its position in shares of TransDigm Group by 4.4% in the fourth quarter. Cerity Partners LLC now owns 2,041 shares of the aerospace company’s stock valued at $694,000 after purchasing an additional 86 shares during the period.

TransDigm Group stock opened at $442.58 on Friday. The company has a market cap of $23.11 billion, a P/E ratio of 26.05, a PEG ratio of 1.86 and a beta of 1.01. TransDigm Group Incorporated has a 1-year low of $291.05 and a 1-year high of $445.93.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.19 by $0.66. The business had revenue of $993.30 million for the quarter, compared to analyst estimates of $957.66 million. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. TransDigm Group’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.65 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 16.09 earnings per share for the current fiscal year.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $430.45, for a total transaction of $7,353,377.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert S. Henderson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $427.37, for a total transaction of $8,547,400.00. Following the sale, the vice president now directly owns 45,000 shares in the company, valued at approximately $19,231,650. The disclosure for this sale can be found here. Insiders have sold a total of 78,274 shares of company stock worth $33,455,050 in the last ninety days. 11.00% of the stock is currently owned by insiders.

Several research firms have recently issued reports on TDG. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Credit Suisse Group boosted their price target on shares of TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Canaccord Genuity boosted their price target on shares of TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. SunTrust Banks boosted their price target on shares of TransDigm Group to $452.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $355.00 price target on shares of TransDigm Group in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $400.00.

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TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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