ProShare Advisors LLC Buys 1,023 Shares of TransDigm Group Incorporated (NYSE:TDG)

ProShare Advisors LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,127 shares of the aerospace company's stock after buying an additional 1,023 shares during the quarter. ProShare Advisors LLC's holdings in TransDigm Group were worth $10,299,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. 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 worth $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. grew its position in TransDigm Group by 10.4% in the fourth 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. Principal Financial Group Inc. increased its holdings in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares in the last quarter. Finally, FMR LLC boosted its position in TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares during the period. Institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Down 0.8%

Shares of TDG stock traded down $11.03 during midday trading on Tuesday, reaching $1,428.97. 188,732 shares of the stock were exchanged, compared to its average volume of 260,078. The firm has a market cap of $80.26 billion, a PE ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The company's 50 day moving average is $1,362.67 and its two-hundred day moving average is $1,325.19. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $7.99 earnings per share. TransDigm Group's quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,163,660. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,713 shares of company stock valued at $212,068,917 in the last quarter. 4.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. UBS Group lifted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company increased their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,490.20.

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.