Asahi Life Asset Management CO. LTD. Invests $495,000 in Transdigm Group Incorporated (NYSE:TDG)

Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 358 shares of the aerospace company's stock, valued at approximately $495,000.

Several other hedge funds have also bought and sold shares of the business. Proficio Capital Partners LLC grew its stake in shares of Transdigm Group by 125.9% in the 4th quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company's stock worth $730,000 after buying an additional 321 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Transdigm Group in the fourth quarter worth $354,000. HighTower Advisors LLC increased its holdings in shares of Transdigm Group by 13.9% during the fourth quarter. HighTower Advisors LLC now owns 17,338 shares of the aerospace company's stock valued at $21,972,000 after acquiring an additional 2,122 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Transdigm Group by 17.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 209 shares of the aerospace company's stock worth $265,000 after purchasing an additional 31 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Transdigm Group by 42.2% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the aerospace company's stock worth $337,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TDG. Truist Financial raised their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday. Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company increased their target price on 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. UBS Group lifted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,594.80.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,127,372. The trade was a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the sale, the director owned 21,548 shares in the company, valued at approximately $31,117,035.84. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,149 shares of company stock worth $176,059,567 over the last three months. 4.09% of the stock is currently owned by insiders.

Transdigm Group Stock Up 2.0%

Shares of Transdigm Group stock traded up $31.17 during trading hours on Monday, reaching $1,574.21. 191,933 shares of the stock traded hands, compared to its average volume of 277,395. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,574.85. The firm has a market capitalization of $88.42 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 3.12 and a beta of 1.04. The company has a 50 day moving average price of $1,453.53 and a 200 day moving average price of $1,374.70.

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, beating analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.99 earnings per share. Sell-side analysts anticipate 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.