Nuveen LLC Buys Shares of 121,484 Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Nuveen LLC acquired a new stake in Transdigm Group, purchasing 121,484 shares valued at approximately $168 million, increasing its ownership to 0.22% of the company.
• Analysts have raised their price targets for Transdigm Group, with several firms rating the stock as a "buy" and setting targets between $1,500 and $1,750.
• Transdigm Group reported $9.60 EPS for the last quarter, missing estimates, but showed a year-over-year revenue growth of 9.3%.

Nuveen LLC bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 121,484 shares of the aerospace company's stock, valued at approximately $168,048,000. Nuveen LLC owned 0.22% of Transdigm Group as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Capital World Investors boosted its holdings in Transdigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. Vanguard Group Inc. lifted its stake in shares of Transdigm Group by 1.4% in the first 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 period. Capital Research Global Investors lifted its stake in shares of Transdigm Group by 4.8% in the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after buying an additional 87,309 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Transdigm Group by 343.2% in the fourth quarter. Marshall Wace LLP now owns 97,858 shares of the aerospace company's stock valued at $124,013,000 after buying an additional 75,780 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TDG. Truist Financial increased their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. Morgan Stanley raised their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, KeyCorp decreased their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,616.86.

Transdigm Group Stock Up 1.5%

NYSE TDG opened at $1,410.92 on Tuesday. The company's 50 day moving average is $1,506.57 and its 200-day moving average is $1,411.92. The firm has a market cap of $79.51 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82.

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

Insider Buying and Selling

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,163,660. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock worth $100,747,061 over the last 90 days. Corporate 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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