MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TransDigm Group Incorporated (NYSE:TDG) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,620 shares of the aerospace company’s stock after purchasing an additional 1,568 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in TransDigm Group were worth $7,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Norges Bank purchased a new stake in TransDigm Group in the 4th quarter worth about $973,353,000. Proficio Capital Partners LLC increased its position in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter worth approximately $399,595,000. JPMorgan Chase & Co. increased its position 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 worth $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. increased 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 acquiring an additional 185,422 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This represents a 20.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,485 shares of company stock worth $208,214,992. Insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 1.2%

NYSE TDG opened at $1,422.28 on Friday. The firm’s fifty day simple moving average is $1,360.42 and its two-hundred day simple moving average is $1,324.09. The firm has a market capitalization of $79.89 billion, a P/E ratio of 50.17, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDG has been the topic of a number of research reports. Truist Financial reduced their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Susquehanna raised their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. UBS Group raised their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,490.20.

TransDigm Group 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.