Vise Technologies Inc. Has $1.04 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Vise Technologies Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 136.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 823 shares of the aerospace company's stock after buying an additional 475 shares during the period. Vise Technologies Inc.'s holdings in TransDigm Group were worth $1,043,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of TransDigm Group in the fourth quarter valued at $973,353,000. Proficio Capital Partners LLC grew its stake in TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $399,595,000. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after buying an additional 185,422 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Up 0.4%

NYSE:TDG traded up $5.97 during midday trading on Wednesday, hitting $1,459.73. 230,980 shares of the stock were exchanged, compared to its average volume of 261,314. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The business has a 50-day moving average price of $1,371.82 and a two-hundred day moving average price of $1,328.83. The company has a market capitalization of $81.99 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 2.76 and a beta of 1.09.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. UBS Group increased their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total transaction of $26,804,000.00. Following the transaction, the director now owns 95,356 shares in the company, valued at approximately $127,796,111.20. This trade represents a 17.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,713 shares of company stock valued at $208,099,857 over the last three months. 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.