Rhumbline Advisers Buys 2,539 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rhumbline Advisers grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,857 shares of the aerospace company's stock after buying an additional 2,539 shares during the period. Rhumbline Advisers owned 0.18% of TransDigm Group worth $140,898,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 acquiring an additional 79,284 shares in the last quarter. Capital World Investors lifted its position in TransDigm Group by 4.3% in 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 purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 period. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 185,422 shares during the last quarter. Finally, FMR LLC raised its position in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after acquiring an additional 5,414 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TDG shares. Truist Financial dropped their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Susquehanna lifted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, UBS Group upped their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,492.36.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the transaction, the director now directly owns 95,356 shares of the company's stock, valued at approximately $127,796,111.20. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,713 shares of company stock valued at $154,267,457 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $6.26 during mid-day trading on Thursday, reaching $1,442.44. The company had a trading volume of 237,219 shares, compared to its average volume of 262,538. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The company has a market capitalization of $81.02 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 2.76 and a beta of 1.05. The stock has a fifty day moving average of $1,382.51 and a two-hundred day moving average of $1,335.66.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $7.99 earnings per share. TransDigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.