Nomura Holdings Inc. Makes New $2.35 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Nomura Holdings Inc. bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,854 shares of the aerospace company's stock, valued at approximately $2,350,000.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of TransDigm Group in the fourth quarter worth about $973,353,000. Proficio Capital Partners LLC grew its stake in TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after buying an additional 729,930 shares during the last quarter. Edgewood Management LLC acquired a new stake in TransDigm Group during the 4th quarter worth about $399,595,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of TransDigm Group by 9.6% in the 4th 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. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $11.03 during mid-day trading on Tuesday, hitting $1,428.97. The stock had a trading volume of 188,732 shares, compared to its average volume of 260,078. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The business has a 50 day moving average price of $1,362.67 and a two-hundred day moving average price of $1,325.19. The firm has a market cap of $80.26 billion, a P/E ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $7.99 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director now directly owns 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,713 shares of company stock worth $212,068,917 over the last 90 days. 4.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on TDG. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Truist Financial reduced 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 research report on Thursday, April 17th. Susquehanna lifted their target price 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company increased 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,490.20.

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.