TransDigm Group Incorporated (NYSE:TDG) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,744 shares of the aerospace company's stock after buying an additional 2,806 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in TransDigm Group were worth $12,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TDG. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group in the fourth quarter worth $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in TransDigm Group in the third quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new stake in TransDigm Group in the fourth quarter valued at $30,000. Optiver Holding B.V. bought a new stake in TransDigm Group in the third quarter valued at $35,000. Finally, International Assets Investment Management LLC bought a new stake in TransDigm Group in the third quarter valued at $36,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday. William Blair started coverage on shares of TransDigm Group in a research note on Tuesday, December 12th. They set an "outperform" rating on the stock. Royal Bank of Canada lifted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their price objective on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a "hold" rating in a research note on Tuesday, January 23rd. Finally, Truist Financial lifted their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,137.73.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $17.36 during trading on Tuesday, hitting $1,215.93. 129,748 shares of the stock traded hands, compared to its average volume of 210,638. The stock has a market cap of $67.62 billion, a P/E ratio of 52.35, a PEG ratio of 2.52 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $714.98 and a twelve month high of $1,246.22. The company has a fifty day moving average price of $1,175.57 and a two-hundred day moving average price of $1,025.35.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the company earned $4.15 EPS. The firm's revenue was up 28.1% on a year-over-year basis. On average, equities research analysts expect that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,220,136. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Sarah Wynne sold 5,850 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the sale, the chief financial officer now directly owns 700 shares in the company, valued at $811,300. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,220,136. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,480 shares of company stock worth $100,102,829. 4.96% of the stock is currently owned by insiders.

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.