830 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 830 shares of the aerospace company's stock, valued at approximately $1,052,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares during the period. Triasima Portfolio Management inc. bought a new position in TransDigm Group during the 4th quarter worth about $911,000. Chicago Capital LLC increased its holdings in TransDigm Group by 0.5% during the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after buying an additional 261 shares during the period. Itau Unibanco Holding S.A. raised its position in shares of TransDigm Group by 89.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after acquiring an additional 1,553 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 154,135 shares of company stock valued at $213,040,986. Company insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TDG shares. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Truist Financial decreased their price target on shares of 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. Finally, UBS Group upped their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,490.20.

TransDigm Group Trading Down 1.7%

Shares of TransDigm Group stock opened at $1,391.60 on Thursday. The stock has a market capitalization of $78.16 billion, a price-to-earnings ratio of 49.09, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The business's 50 day simple moving average is $1,357.02 and its 200-day simple moving average is $1,323.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.99 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.

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