New York Life Investment Management LLC Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

New York Life Investment Management LLC boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,551 shares of the aerospace company’s stock after buying an additional 74 shares during the period. New York Life Investment Management LLC’s holdings in TransDigm Group were worth $9,569,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after purchasing an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after purchasing an additional 7,947 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after buying an additional 1,400 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Trading Up 1.2 %

TDG opened at $1,348.25 on Friday. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The firm’s 50 day simple moving average is $1,312.27 and its two-hundred day simple moving average is $1,322.71. The company has a market capitalization of $75.62 billion, a PE ratio of 47.56, a PEG ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.