Voya Investment Management LLC Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Voya Investment Management LLC decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,100 shares of the aerospace company's stock after selling 2,506 shares during the quarter. Voya Investment Management LLC owned 0.23% of TransDigm Group worth $164,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of TransDigm Group during the fourth quarter worth $973,353,000. Proficio Capital Partners LLC lifted its holdings 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 valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Edgewood Management LLC bought a new stake in TransDigm Group during the 4th quarter valued at about $399,595,000. JPMorgan Chase & Co. grew its stake in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna lifted their target price on 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock valued at $167,450,256 in the last ninety days. Company insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

NYSE TDG traded up $4.18 during trading on Tuesday, hitting $1,399.90. The company's stock had a trading volume of 64,824 shares, compared to its average volume of 276,663. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The company has a market cap of $78.51 billion, a PE ratio of 49.38, a P/E/G ratio of 2.76 and a beta of 1.08. The business's 50 day simple moving average is $1,339.86 and its 200-day simple moving average is $1,319.51.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.16 EPS. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.