Nuveen Asset Management LLC Sells 21,978 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nuveen Asset Management LLC trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,305 shares of the aerospace company's stock after selling 21,978 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of TransDigm Group worth $158,797,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group in the 4th quarter worth about $911,000. Chicago Capital LLC lifted its position in shares of TransDigm Group by 0.5% in the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after buying an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of TransDigm Group by 89.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after buying an additional 1,553 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of TransDigm Group by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after buying an additional 385 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

TDG traded up $15.62 on Monday, reaching $1,438.79. 229,968 shares of the company traded hands, compared to its average volume of 260,041. The company has a market cap of $80.81 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The stock's 50 day moving average price is $1,360.42 and its 200-day moving average price is $1,324.25.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.99 earnings per share. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. This represents a 47.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,485 shares of company stock worth $208,214,992 in the last ninety days. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TDG. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted 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 research report on Thursday, May 8th. Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average 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.