iA Global Asset Management Inc. Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

iA Global Asset Management Inc. lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 494.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,609 shares of the aerospace company’s stock after buying an additional 6,330 shares during the quarter. iA Global Asset Management Inc.’s holdings in TransDigm Group were worth $9,371,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of TransDigm Group by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after acquiring an additional 8 shares during the period. Team Hewins LLC increased its stake in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after buying an additional 8 shares during the period. Souders Financial Advisors increased its stake in TransDigm Group by 1.1% in the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares during the period. Coldstream Capital Management Inc. increased its stake in TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in TransDigm Group by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TDG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Thursday, June 27th. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Citigroup boosted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. TD Cowen boosted their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Bank of America upped their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,417.69.

TransDigm Group Stock Performance

TDG traded down $26.18 on Thursday, reaching $1,268.04. 237,295 shares of the company’s stock were exchanged, compared to its average volume of 223,171. The company’s 50 day moving average is $1,293.85 and its 200-day moving average is $1,227.58. The company has a market cap of $70.96 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 2.12 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57.

TransDigm Group (NYSE:TDG) last posted its earnings results 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 firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate 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 revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.39 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,905 shares of company stock valued at $137,900,519. 4.96% of the stock is currently owned by corporate insiders.

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.