Bank of America Corp DE Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Bank of America Corp DE reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334,554 shares of the aerospace company's stock after selling 18,525 shares during the period. Bank of America Corp DE owned about 0.60% of TransDigm Group worth $423,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares in the last quarter. Finally, Sachetta LLC lifted its stake in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction dated 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 completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of 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 174,135 shares of company stock valued at $240,122,586 in the last quarter. 4.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group raised their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna raised their price target on 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. Truist Financial dropped their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,490.20.

TransDigm Group Stock Up 2.1%

Shares of NYSE:TDG traded up $29.29 on Monday, hitting $1,402.78. 113,598 shares of the company traded hands, compared to its average volume of 258,241. The stock has a 50 day simple moving average of $1,353.73 and a 200-day simple moving average of $1,321.52. The company has a market cap of $78.79 billion, a PE ratio of 49.39, 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.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly 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. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.99 EPS. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share 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.