Lord Abbett & CO. LLC Acquires 964 Shares of TransDigm Group Incorporated (NYSE:TDG)

Lord Abbett & CO. LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,941 shares of the aerospace company's stock after acquiring an additional 964 shares during the period. Lord Abbett & CO. LLC owned approximately 0.12% of TransDigm Group worth $87,368,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors boosted its stake in TransDigm Group by 4.3% during the fourth 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. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 10.4% during 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 buying an additional 206,822 shares during the period. Principal Financial Group Inc. raised its position in TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. Finally, FMR LLC raised its position in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after purchasing an additional 5,414 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This represents a 47.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock valued at $167,450,256 in the last three months. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 0.4 %

Shares of NYSE:TDG traded down $5.38 on Wednesday, hitting $1,402.51. 51,669 shares of the company traded hands, compared to its average volume of 275,042. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The stock has a 50 day simple moving average of $1,341.77 and a 200-day simple moving average of $1,320.12. The company has a market cap of $78.66 billion, a PE ratio of 49.47, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the firm earned $7.16 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDG has been the topic of several analyst reports. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Truist Financial decreased their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,464.41.

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.