GW&K Investment Management LLC Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

GW&K Investment Management LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,625 shares of the aerospace company's stock after selling 1,140 shares during the period. GW&K Investment Management LLC's holdings in TransDigm Group were worth $23,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in TransDigm Group during the fourth quarter worth about $26,000. Optiver Holding B.V. purchased a new position in TransDigm Group during the third quarter worth about $35,000. VisionPoint Advisory Group LLC purchased a new position in TransDigm Group during the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company's stock worth $38,000 after purchasing an additional 12 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Michael Lisman sold 8,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,198.50, for a total value of $9,588,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, COO Michael Lisman sold 8,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,198.50, for a total transaction of $9,588,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,220,136. The disclosure for this sale can be found here. In the last three months, insiders acquired 11 shares of company stock worth $5,950 and sold 48,203 shares worth $59,138,425. 4.96% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an "overweight" rating in a research note on Thursday, May 9th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday. Truist Financial upped their price target on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a research note on Wednesday, March 27th. Finally, The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,327.44.

TransDigm Group Stock Down 0.8 %

Shares of NYSE:TDG traded down $10.65 on Wednesday, hitting $1,326.19. The company had a trading volume of 251,203 shares, compared to its average volume of 213,359. The firm's 50-day simple moving average is $1,243.37 and its two-hundred day simple moving average is $1,116.79. TransDigm Group Incorporated has a 1 year low of $768.05 and a 1 year high of $1,340.97. The firm has a market capitalization of $74.21 billion, a price-to-earnings ratio of 52.61, a P/E/G ratio of 2.51 and a beta of 1.39.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company's quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company posted $5.39 EPS. Equities research analysts anticipate that TransDigm Group Incorporated will post 29.96 EPS for the current year.

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.