First Trust Advisors LP Acquires 1,775 Shares of TransDigm Group Incorporated (NYSE:TDG)

First Trust Advisors LP grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,480 shares of the aerospace company's stock after acquiring an additional 1,775 shares during the quarter. First Trust Advisors LP owned about 0.06% of TransDigm Group worth $41,161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TDG. Vanguard Group Inc. raised its position in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after purchasing an additional 79,284 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the 4th 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. Principal Financial Group Inc. lifted its stake in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares in the last quarter. FMR LLC grew its stake in shares of TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after buying an additional 5,414 shares during the period. Finally, Geode Capital Management LLC lifted its position in TransDigm Group by 14.1% in the fourth 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 last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is owned by company insiders.

TransDigm Group Price Performance

Shares of TDG stock traded up $3.91 during trading hours on Tuesday, reaching $1,399.63. 33,220 shares of the company were exchanged, compared to its average volume of 254,457. The company has a market cap of $78.50 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 2.76 and a beta of 1.08. The stock's fifty day moving average is $1,339.86 and its two-hundred day moving average is $1,319.51. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the business posted $7.16 EPS. TransDigm Group's revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on TDG shares. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Truist Financial cut their price target on shares of 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. Wells Fargo & Company reduced their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

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.