Toronto Dominion Bank Acquires 4,651 Shares of TransDigm Group Incorporated (NYSE:TDG)

Toronto Dominion Bank grew its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,327 shares of the aerospace company's stock after purchasing an additional 4,651 shares during the quarter. Toronto Dominion Bank's holdings in TransDigm Group were worth $34,630,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TDG. GF Fund Management CO. LTD. bought a new position in TransDigm Group during the 4th quarter valued at $8,348,000. Vise Technologies Inc. lifted its position in shares of TransDigm Group by 136.5% during the fourth quarter. Vise Technologies Inc. now owns 823 shares of the aerospace company's stock valued at $1,043,000 after purchasing an additional 475 shares in the last quarter. Navalign LLC lifted its position in shares of TransDigm Group by 4.5% during the 4th quarter. Navalign LLC now owns 762 shares of the aerospace company's stock worth $966,000 after buying an additional 33 shares in the last quarter. Blue Fin Capital Inc. lifted its holdings in TransDigm Group by 7.3% during the fourth quarter. Blue Fin Capital Inc. now owns 1,380 shares of the aerospace company's stock worth $1,749,000 after acquiring an additional 94 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in TransDigm Group by 15.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 10,743 shares of the aerospace company's stock worth $13,614,000 after acquiring an additional 1,406 shares during the period. Institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

NYSE:TDG traded up $7.51 during trading hours on Friday, hitting $1,468.19. The stock had a trading volume of 374,188 shares, compared to its average volume of 261,954. The company has a 50 day simple moving average of $1,375.71 and a two-hundred day simple moving average of $1,330.34. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $7.99 earnings per share. Equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. The trade was a 28.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,713 shares of company stock valued at $208,099,857. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Susquehanna lifted 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. Northcoast Research raised shares of 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. Truist Financial reduced 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 stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Five equities 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, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,492.36.

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.