Russell Investments Group Ltd. Purchases 1,287 Shares of TransDigm Group Incorporated (NYSE:TDG)

Russell Investments Group Ltd. raised its position in TransDigm Group Incorporated (NYSE:TDG) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,863 shares of the aerospace company’s stock after purchasing an additional 1,287 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of TransDigm Group worth $84,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TDG. Vanguard Group Inc. boosted its position in TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after acquiring an additional 79,284 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 185,422 shares during the last quarter. Geode Capital Management LLC grew its position in TransDigm Group by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock valued at $1,636,409,000 after purchasing an additional 159,839 shares in the last quarter. Finally, Norges Bank acquired a new stake in TransDigm Group in the 4th quarter valued at $973,353,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by company insiders.

TransDigm Group Trading Down 9.1 %

TransDigm Group stock opened at $1,238.81 on Friday. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The stock’s 50 day moving average is $1,343.93 and its 200-day moving average is $1,329.63.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $7.16 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Susquehanna increased their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,480.12.

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.