Wellington Management Group LLP Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Wellington Management Group LLP boosted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,419 shares of the aerospace company's stock after buying an additional 506 shares during the period. Wellington Management Group LLP's holdings in TransDigm Group were worth $3,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in TransDigm Group in the fourth quarter worth about $349,000. CENTRAL TRUST Co lifted its holdings in TransDigm Group by 280.0% in the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 42 shares during the last quarter. Trust Point Inc. acquired a new stake in TransDigm Group in the 4th quarter valued at about $511,000. Finally, Mather Group LLC. boosted its position in shares of TransDigm Group by 17.9% during the 4th quarter. Mather Group LLC. now owns 349 shares of the aerospace company's stock valued at $442,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,896,144. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now owns 95,147 shares of the company's stock, valued at $127,042,177.34. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,713 shares of company stock valued at $154,267,457. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Up 1.5%

TDG traded up $21.99 during midday trading on Friday, hitting $1,466.48. 154,526 shares of the company were exchanged, compared to its average volume of 262,107. The firm's 50 day moving average price is $1,382.51 and its 200-day moving average price is $1,335.66. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The firm has a market capitalization of $82.37 billion, a P/E ratio of 51.73, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the business posted $7.99 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Susquehanna raised their price objective 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. UBS Group lifted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial reduced their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average price target of $1,492.36.

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.