Czech National Bank Has $17.82 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Czech National Bank increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,881 shares of the aerospace company's stock after buying an additional 689 shares during the period. Czech National Bank's holdings in TransDigm Group were worth $17,818,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in TransDigm Group during the 4th quarter worth about $218,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of TransDigm Group by 6.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,685 shares of the aerospace company's stock valued at $2,135,000 after purchasing an additional 100 shares during the last quarter. Spire Wealth Management lifted its stake in shares of TransDigm Group by 0.8% during the fourth quarter. Spire Wealth Management now owns 5,575 shares of the aerospace company's stock valued at $7,065,000 after buying an additional 43 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $266,000. Institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Down 0.2%

Shares of TDG traded down $3.28 during mid-day trading on Thursday, reaching $1,445.42. The company's stock had a trading volume of 62,600 shares, compared to its average volume of 261,503. The company has a market cap of $81.19 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The business has a fifty day moving average of $1,381.29 and a 200 day moving average of $1,334.36.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TDG shares. Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. UBS Group upped their price target 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. Wells Fargo & Company raised their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial dropped 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 report on Thursday, April 17th. Finally, Susquehanna lifted their price target on shares of 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. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,492.36.

Insiders Place Their Bets

In other news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the transaction, the director now directly owns 33,713 shares of the company's stock, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,713 shares of company stock worth $154,267,457. Company insiders own 4.09% of the company's stock.

About TransDigm Group

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.