Dimensional Fund Advisors LP Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Dimensional Fund Advisors LP grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,869 shares of the aerospace company's stock after acquiring an additional 4,141 shares during the quarter. Dimensional Fund Advisors LP owned about 0.26% of TransDigm Group worth $182,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Anchor Investment Management LLC lifted its position in TransDigm Group by 5.0% during the 3rd quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock worth $1,309,000 after acquiring an additional 44 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TransDigm Group during the third quarter worth about $618,000. Franklin Resources Inc. boosted its position in TransDigm Group by 2.2% in the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock valued at $290,151,000 after buying an additional 4,442 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in TransDigm Group in the 3rd quarter worth approximately $716,000. Finally, JPMorgan Chase & Co. raised its position 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 worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

TransDigm Group stock traded up $0.99 during midday trading on Tuesday, reaching $1,396.71. The company had a trading volume of 38,989 shares, compared to its average volume of 254,474. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company has a market capitalization of $78.33 billion, a P/E ratio of 49.19, a P/E/G ratio of 2.76 and a beta of 1.08. The firm's fifty day simple moving average is $1,339.86 and its 200-day simple moving average is $1,319.51.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The company 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 firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.16 EPS. On average, analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other news, 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 value of $1,335,220.00. Following the completion of the sale, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,894 shares of company stock valued at $167,450,256. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TDG. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Truist Financial reduced their price objective on 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. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Susquehanna raised their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Company Profile

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.