Cetera Investment Advisers Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Cetera Investment Advisers increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,692 shares of the aerospace company's stock after buying an additional 849 shares during the period. Cetera Investment Advisers' holdings in TransDigm Group were worth $7,214,000 at the end of the most recent reporting period.

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

TransDigm Group Price Performance

NYSE TDG traded up $14.67 during trading hours on Thursday, hitting $1,405.86. The company's stock had a trading volume of 252,475 shares, compared to its average volume of 259,894. The company's 50 day simple moving average is $1,357.02 and its two-hundred day simple moving average is $1,323.08. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The company has a market cap of $78.96 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

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

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated 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. The trade was a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction that occurred 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 owns 95,147 shares of the company's stock, 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. Insiders sold 154,135 shares of company stock valued at $213,040,986 over the last 90 days. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Truist Financial decreased their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Susquehanna raised their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,490.20.

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.