Zurcher Kantonalbank Zurich Cantonalbank Has $53.77 Million Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Zurcher Kantonalbank increased its holdings in Transdigm Group by 0.5%, owning approximately 38,871 shares worth $53.77 million as of the last reporting period.
• Transdigm Group reported earnings of $9.11 per share for the previous quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 12%.
• Several analysts have upgraded their ratings on Transdigm Group, with price targets ranging from $1,500 to $1,750, reflecting growing optimism about the stock's performance.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,871 shares of the aerospace company's stock after acquiring an additional 195 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Transdigm Group worth $53,770,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in Transdigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the period. Edgewood Management LLC acquired a new position in Transdigm Group during the 4th quarter valued at about $399,595,000. Geode Capital Management LLC increased its stake in Transdigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after buying an additional 159,839 shares during the period. Capital World Investors increased its stake in Transdigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after buying an additional 155,541 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after purchasing an additional 87,309 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

Shares of TDG stock traded down $13.30 during trading on Thursday, hitting $1,607.53. 51,225 shares of the company were exchanged, compared to its average volume of 270,636. The firm has a market capitalization of $90.29 billion, a price-to-earnings ratio of 54.27, a P/E/G ratio of 3.25 and a beta of 1.04. The business's 50-day simple moving average is $1,500.95 and its 200 day simple moving average is $1,402.24. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $7.99 earnings per share. On average, equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent research reports. KeyCorp lifted their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 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 note on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on shares of 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. Truist Financial lifted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Susquehanna lifted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,606.47.

Insider Buying and Selling at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock valued at $173,419,391 in the last 90 days. Corporate insiders own 4.09% of the company's stock.

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.