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Resona Asset Management Co. Ltd. Has $24.02 Million Stake in Transdigm Group Incorporated (NYSE:TDG)

Transdigm Group logo with Aerospace background

Key Points

  • Resona Asset Management Co. Ltd. increased its position in Transdigm Group by 8.4%, acquiring an additional 1,342 shares, bringing its total holdings to 17,378 shares valued at approximately $24 million.
  • Transdigm Group's stock experienced a 0.1% increase, with a current market capitalization of $79.52 billion and a price-to-earnings ratio of 46.83.
  • The company reported earnings per share of $9.60 for the latest quarter, missing analysts' expectations, with revenues totaling $2.24 billion, reflecting a 9.3% year-over-year increase.
  • Looking to export and analyze Transdigm Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Resona Asset Management Co. Ltd. boosted its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,378 shares of the aerospace company's stock after purchasing an additional 1,342 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Transdigm Group were worth $24,022,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC increased its holdings in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares during the last quarter. Park Square Financial Group LLC bought a new position in Transdigm Group during the 4th quarter valued at approximately $32,000. Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group in the 1st quarter worth about $75,000. Finally, CVA Family Office LLC increased its position in Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Down 1.7%

TDG stock traded down $24.13 during mid-day trading on Friday, hitting $1,388.60. 496,373 shares of the company were exchanged, compared to its average volume of 289,591. The company has a market capitalization of $78.25 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The firm has a fifty day simple moving average of $1,503.15 and a 200 day simple moving average of $1,412.93.

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 the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 EPS. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDG. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. The Goldman Sachs Group raised their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Citigroup raised their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wells Fargo & Company raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Get Our Latest Stock Analysis on Transdigm Group

Insiders Place Their Bets

In related news, CFO Sarah Wynne sold 3,200 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,937,310. The trade was a 48.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock valued at $100,747,061 over the last 90 days. 4.09% of the stock is owned by corporate insiders.

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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