TransDigm Group Incorporated (NYSE:TDG) Stock Position Raised by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,327 shares of the aerospace company’s stock after purchasing an additional 4,651 shares during the period. Toronto Dominion Bank’s holdings in TransDigm Group were worth $34,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Siemens Fonds Invest GmbH raised its stake in shares of TransDigm Group by 7,260.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company’s stock worth $64,919,000 after purchasing an additional 50,531 shares in the last quarter. Royal Bank of Canada raised its stake in shares of TransDigm Group by 16.5% during the 4th quarter. Royal Bank of Canada now owns 160,493 shares of the aerospace company’s stock worth $203,390,000 after purchasing an additional 22,711 shares in the last quarter. Rafferty Asset Management LLC raised its stake in shares of TransDigm Group by 16.5% during the 4th quarter. Rafferty Asset Management LLC now owns 10,266 shares of the aerospace company’s stock worth $13,010,000 after purchasing an additional 1,456 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of TransDigm Group by 14.4% during the 4th quarter. ProShare Advisors LLC now owns 8,127 shares of the aerospace company’s stock worth $10,299,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of TransDigm Group by 12.3% during the 4th quarter. Quantinno Capital Management LP now owns 5,329 shares of the aerospace company’s stock valued at $6,754,000 after acquiring an additional 584 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction 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 trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,485 shares of company stock valued at $208,214,992. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Susquehanna increased their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Truist Financial lowered their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,490.20.

TransDigm Group Stock Up 1.2%

TDG opened at $1,422.28 on Monday. The firm has a market capitalization of $79.89 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock’s 50 day moving average price is $1,360.42 and its two-hundred day moving average price is $1,324.25. 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 released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm posted $7.99 EPS. The company’s revenue was up 12.0% on a year-over-year basis. As a group, analysts anticipate 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.