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Phoenix Financial Ltd. Acquires Shares of 4,916 Transdigm Group Incorporated (NYSE:TDG)

Transdigm Group logo with Aerospace background

Key Points

  • Phoenix Financial Ltd. has acquired a new stake in Transdigm Group Incorporated, purchasing 4,916 shares valued at approximately $6.8 million during the 1st quarter.
  • Transdigm's share price opened at $1,598.60, with a market cap of $89.79 billion and a PE ratio of 53.97, reflecting strong investor interest.
  • The company reported a 12% year-over-year revenue increase to $2.15 billion for the latest quarter, exceeding earnings expectations with $9.11 earnings per share.
  • MarketBeat previews the top five stocks to own by September 1st.

Phoenix Financial Ltd. acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,916 shares of the aerospace company's stock, valued at approximately $6,801,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors boosted its position in shares of Transdigm Group by 4.3% during the 4th 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 last quarter. JPMorgan Chase & Co. boosted its position in shares of Transdigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the last quarter. FMR LLC boosted its position in shares of Transdigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after acquiring an additional 5,414 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Transdigm Group by 4.8% during the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after acquiring an additional 87,309 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Transdigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after acquiring an additional 159,839 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Performance

TDG traded down $0.84 on Tuesday, hitting $1,605.55. 49,748 shares of the company were exchanged, compared to its average volume of 272,104. The firm has a fifty day simple moving average of $1,493.15 and a two-hundred day simple moving average of $1,399.29. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,617.45. The stock has a market capitalization of $90.18 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. Transdigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $7.99 EPS. On average, equities analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total value of $4,793,580.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,752,296. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock valued at $173,419,391 over the last ninety days. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. Susquehanna lifted their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. KeyCorp increased their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Truist Financial increased their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,606.47.

Check Out Our Latest Report on Transdigm Group

Transdigm Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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