National Pension Service Buys 3,699 Shares of TransDigm Group Incorporated (NYSE:TDG)

National Pension Service raised its position in TransDigm Group Incorporated (NYSE:TDG) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 123,463 shares of the aerospace company’s stock after buying an additional 3,699 shares during the quarter. National Pension Service’s holdings in TransDigm Group were worth $124,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in TransDigm Group by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock worth $956,000 after purchasing an additional 101 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of TransDigm Group by 66.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock worth $1,471,000 after buying an additional 698 shares during the period. Lindbrook Capital LLC raised its stake in shares of TransDigm Group by 71.4% during the third quarter. Lindbrook Capital LLC now owns 84 shares of the aerospace company’s stock worth $71,000 after buying an additional 35 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in TransDigm Group by 3.6% in the third quarter. Mackenzie Financial Corp now owns 4,127 shares of the aerospace company’s stock valued at $3,352,000 after buying an additional 145 shares during the period. Finally, IFM Investors Pty Ltd boosted its stake in TransDigm Group by 8.3% in the third quarter. IFM Investors Pty Ltd now owns 5,567 shares of the aerospace company’s stock valued at $4,694,000 after acquiring an additional 429 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDG has been the subject of several recent research reports. Wells Fargo & Company upped their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on 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. TD Cowen boosted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup increased their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Susquehanna lifted their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,289.94.

Insider Transactions at TransDigm Group

In related news, Director Michael Graff sold 3,460 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, Director Jorge Valladares sold 578 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at $12,980,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

NYSE TDG traded up $4.60 on Wednesday, reaching $1,315.00. The company had a trading volume of 248,163 shares, compared to its average volume of 210,719. The company’s fifty day moving average is $1,217.21 and its 200-day moving average is $1,083.86. The firm has a market capitalization of $73.13 billion, a price-to-earnings ratio of 55.81, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. TransDigm Group Incorporated has a 1-year low of $766.00 and a 1-year high of $1,328.15.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $5.39 earnings per share. On average, research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share 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.