Nissay Asset Management Corp Japan ADV Has $19.17 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Nissay Asset Management Corp Japan ADV increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,846 shares of the aerospace company's stock after buying an additional 219 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in TransDigm Group were worth $19,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in TransDigm Group in the fourth quarter worth $973,353,000. Proficio Capital Partners LLC lifted 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 purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $399,595,000. JPMorgan Chase & Co. grew its stake 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 buying an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of 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 worth $2,694,585,000 after buying an additional 185,422 shares during the period. Institutional investors own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the sale, the director now owns 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,762,872. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,013 shares of company stock worth $201,014,223 over the last ninety days. Company insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several analyst reports. Susquehanna lifted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Truist Financial decreased their price objective 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. UBS Group increased 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 report on Wednesday, May 7th. Wells Fargo & Company increased 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 report on Thursday, May 8th. Finally, StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,490.20.

TransDigm Group Stock Performance

TDG traded down $8.18 during trading on Tuesday, hitting $1,431.82. The stock had a trading volume of 75,053 shares, compared to its average volume of 259,318. The stock has a 50 day simple moving average of $1,362.67 and a two-hundred day simple moving average of $1,325.19. The company has a market capitalization of $80.42 billion, a PE ratio of 50.58, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.