Royal Bank of Canada Purchases 22,711 Shares of TransDigm Group Incorporated (NYSE:TDG)

Royal Bank of Canada increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,493 shares of the aerospace company's stock after acquiring an additional 22,711 shares during the quarter. Royal Bank of Canada owned about 0.29% of TransDigm Group worth $203,390,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Park Avenue Securities LLC lifted its position in shares of TransDigm Group by 29.9% during the 4th quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company's stock worth $1,174,000 after buying an additional 213 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in TransDigm Group by 45.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 720 shares of the aerospace company's stock valued at $912,000 after purchasing an additional 226 shares during the last quarter. Gateway Investment Advisers LLC raised its position in TransDigm Group by 2.6% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,127 shares of the aerospace company's stock valued at $1,428,000 after purchasing an additional 29 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in TransDigm Group by 14.5% during the 4th quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company's stock worth $251,000 after purchasing an additional 25 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,713 shares of company stock valued at $212,068,917. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of several recent analyst reports. Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research report on Wednesday, April 9th. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company upped their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,490.20.

TransDigm Group Price Performance

Shares of TDG stock traded down $11.03 during trading hours on Tuesday, reaching $1,428.97. 188,732 shares of the company's stock were exchanged, compared to its average volume of 260,078. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The company has a market cap of $80.26 billion, a P/E 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 (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, beating analysts' consensus estimates 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $7.99 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.