TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Truist Financial Corp

Truist Financial Corp raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,908 shares of the aerospace company’s stock after acquiring an additional 1,450 shares during the period. Truist Financial Corp’s holdings in TransDigm Group were worth $12,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TDG. Private Advisor Group LLC lifted its stake in TransDigm Group by 22.9% during the 3rd quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock valued at $2,494,000 after acquiring an additional 325 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in TransDigm Group by 24.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 457 shares of the aerospace company’s stock valued at $653,000 after acquiring an additional 90 shares during the period. Greenleaf Trust lifted its stake in TransDigm Group by 2.6% during the 3rd quarter. Greenleaf Trust now owns 1,479 shares of the aerospace company’s stock valued at $2,111,000 after acquiring an additional 38 shares during the period. International Assets Investment Management LLC lifted its stake in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of TransDigm Group by 3.7% in the 3rd quarter. Brighton Jones LLC now owns 1,068 shares of the aerospace company’s stock valued at $1,525,000 after purchasing an additional 38 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,647 shares of company stock valued at $151,878,163. 4.09% of the stock is owned by company insiders.

TransDigm Group Trading Down 2.3 %

Shares of TDG opened at $1,311.47 on Friday. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The firm has a 50-day moving average price of $1,304.65 and a 200 day moving average price of $1,319.33. The firm has a market capitalization of $73.55 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.73 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm posted $7.16 earnings per share. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial boosted 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

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.