UMB Bank n.a. Purchases 119 Shares of TransDigm Group Incorporated (NYSE:TDG)

UMB Bank n.a. lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 68.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 292 shares of the aerospace company’s stock after buying an additional 119 shares during the period. UMB Bank n.a.’s holdings in TransDigm Group were worth $373,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TDG. International Assets Investment Management LLC increased its holdings in TransDigm Group by 97,711.9% during the 4th quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock worth $41,558,000 after purchasing an additional 41,039 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of TransDigm Group by 47.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 479 shares of the aerospace company’s stock valued at $485,000 after acquiring an additional 155 shares in the last quarter. Truist Financial Corp grew its holdings in shares of TransDigm Group by 23.3% in the 4th quarter. Truist Financial Corp now owns 5,591 shares of the aerospace company’s stock valued at $5,656,000 after acquiring an additional 1,057 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TransDigm Group by 7.1% in the 4th quarter. Russell Investments Group Ltd. now owns 25,678 shares of the aerospace company’s stock valued at $25,981,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of TransDigm Group by 3.0% in the 4th quarter. Brighton Jones LLC now owns 894 shares of the aerospace company’s stock valued at $904,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.7 %

TDG traded up $8.96 during trading on Friday, reaching $1,373.33. 251,812 shares of the stock traded hands, compared to its average volume of 225,362. The stock has a market capitalization of $77.06 billion, a PE ratio of 54.48, a P/E/G ratio of 2.06 and a beta of 1.38. The stock’s 50-day moving average is $1,272.88 and its 200 day moving average is $1,255.87. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,380.83.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.55 EPS. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 30.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDG. Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Morgan Stanley raised their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Truist Financial raised their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,422.94.

Insider Transactions at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders have sold 102,708 shares of company stock valued at $133,146,005 in the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

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.