MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,568 Shares of TransDigm Group Incorporated (NYSE:TDG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 38.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,620 shares of the aerospace company's stock after acquiring an additional 1,568 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in TransDigm Group were worth $7,122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares in the last quarter. Sachetta LLC grew its holdings in shares of TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of TransDigm Group by 280.0% during the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the sale, the director now owns 33,713 shares of the company's stock, valued at $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,713 shares of company stock valued at $212,068,917 in the last quarter. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company lifted 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. Northcoast Research raised shares of 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. Truist Financial decreased their price target 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. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, 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 research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,490.20.

TransDigm Group Stock Performance

NYSE TDG traded down $11.03 during trading hours on Tuesday, hitting $1,428.97. The company had a trading volume of 188,732 shares, compared to its average volume of 260,078. The firm has a market capitalization of $80.26 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 2.76 and a beta of 1.09. 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 50 day simple moving average of $1,362.67 and a 200 day simple moving average of $1,325.19.

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. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $7.99 earnings per share. On average, research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

TransDigm Group 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.