USS Investment Management Ltd Invests $12.22 Million in TransDigm Group Incorporated (NYSE:TDG)

USS Investment Management Ltd purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,643 shares of the aerospace company’s stock, valued at approximately $12,215,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its position in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Sachetta LLC boosted its holdings in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 18 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in TransDigm Group by 280.0% during the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 42 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.8%

TDG opened at $1,428.97 on Wednesday. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The company has a fifty day moving average of $1,364.67 and a 200-day moving average of $1,325.91. The stock has a market cap of $80.26 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

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

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now owns 98,185 shares in the company, valued at $132,138,354.85. This represents a 28.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,713 shares of company stock worth $212,068,917. 4.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TDG shares. Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group upped their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,490.20.

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.