Ethic Inc. Increases Stake in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Ethic Inc. has increased its stake in Transdigm Group by 5.5%, owning a total of 4,769 shares valued at approximately $6.67 million following their recent acquisition.
• Several institutional investors, including Vanguard and Capital World Investors, have also raised their positions in Transdigm Group, with 95.78% of the stock currently owned by institutional entities.
• Transdigm Group's quarterly earnings report revealed an EPS of $9.60, which missed estimates by $0.15, resulting in a 9.3% year-over-year revenue increase.

Ethic Inc. boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,769 shares of the aerospace company's stock after buying an additional 248 shares during the quarter. Ethic Inc.'s holdings in Transdigm Group were worth $6,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after buying an additional 89,121 shares during the last quarter. Capital World Investors increased its stake in shares of Transdigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after acquiring an additional 87,309 shares in the last quarter. GAMMA Investing LLC grew its position in Transdigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the last quarter. Finally, Windacre Partnership LLC grew its position in Transdigm Group by 3.6% during the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after purchasing an additional 25,997 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group increased their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Wells Fargo & Company increased their price objective 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. Morgan Stanley raised their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,624.69.

Transdigm Group Stock Down 1.7%

NYSE TDG opened at $1,388.60 on Friday. The company has a fifty day moving average of $1,503.15 and a two-hundred day moving average of $1,412.93. The firm has a market capitalization of $78.25 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.92 and a beta of 1.07. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.00 earnings per share. Equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,752,296. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,872 shares of company stock valued at $100,747,061. Insiders own 4.09% of the company's stock.

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.

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