Banco Bilbao Vizcaya Argentaria S.A. Trims Holdings in TransDigm Group Incorporated (NYSE:TDG)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,158 shares of the aerospace company's stock after selling 591 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in TransDigm Group were worth $1,468,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDG. Vanguard Group Inc. raised its stake in shares of TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors raised its stake in TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 period. Finally, FMR LLC boosted its position in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after purchasing an additional 5,414 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TDG. Truist Financial dropped 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. Wells Fargo & Company cut their price target on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. 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 report on Monday, February 24th. Barclays reissued an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Finally, 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. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,894 shares of company stock valued at $167,450,256. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TDG traded up $3.66 during trading on Wednesday, reaching $1,411.55. The stock had a trading volume of 217,560 shares, compared to its average volume of 255,372. The business has a 50-day moving average of $1,341.77 and a 200-day moving average of $1,320.12. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a market cap of $79.17 billion, a PE ratio of 49.79, a PEG ratio of 2.76 and a beta of 1.08.

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