Ethic Inc. Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Ethic Inc. boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,521 shares of the aerospace company's stock after buying an additional 604 shares during the period. Ethic Inc.'s holdings in TransDigm Group were worth $5,729,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TDG. Deutsche Bank AG boosted its stake in TransDigm Group by 51.2% in the fourth quarter. Deutsche Bank AG now owns 193,042 shares of the aerospace company's stock valued at $244,638,000 after buying an additional 65,388 shares in the last quarter. Cetera Investment Advisers increased its holdings in TransDigm Group by 17.5% in the 4th quarter. Cetera Investment Advisers now owns 5,692 shares of the aerospace company's stock worth $7,214,000 after purchasing an additional 849 shares in the last quarter. BlueSpruce Investments LP bought a new position in TransDigm Group in the fourth quarter valued at about $598,000. Bridgefront Capital LLC acquired a new stake in shares of TransDigm Group during the fourth quarter valued at about $754,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of TransDigm Group by 40.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 838 shares of the aerospace company's stock worth $1,062,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research reports. Truist Financial reduced their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. 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 research report on Wednesday, April 9th. Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company increased their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group boosted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,490.20.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,135 shares of company stock valued at $240,122,586 in the last quarter. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TransDigm Group stock traded up $0.08 during midday trading on Tuesday, reaching $1,417.26. 280,309 shares of the stock were exchanged, compared to its average volume of 259,769. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The firm has a market cap of $79.60 billion, a PE ratio of 49.99, a PEG ratio of 2.76 and a beta of 1.09. The company's fifty day moving average is $1,354.52 and its 200-day moving average is $1,321.95.

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

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.