Aviva PLC Sells 569 Shares of TransDigm Group Incorporated (NYSE:TDG)

Aviva PLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,605 shares of the aerospace company’s stock after selling 569 shares during the quarter. Aviva PLC’s holdings in TransDigm Group were worth $8,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDG. BDO Wealth Advisors LLC lifted its stake in shares of TransDigm Group by 557.1% in the first quarter. BDO Wealth Advisors LLC now owns 46 shares of the aerospace company’s stock valued at $27,000 after buying an additional 39 shares in the last quarter. Ameritas Investment Company LLC bought a new position in shares of TransDigm Group in the first quarter valued at $29,000. KB Financial Partners LLC bought a new position in shares of TransDigm Group in the first quarter valued at $35,000. Barrett Asset Management LLC bought a new position in shares of TransDigm Group in the first quarter valued at $36,000. Finally, Marshall Wace LLP bought a new position in shares of TransDigm Group in the first quarter valued at $47,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

TDG stock opened at $614.00 on Wednesday. The firm has a 50 day moving average of $621.81 and a 200-day moving average of $621.04. TransDigm Group Incorporated has a 12 month low of $453.76 and a 12 month high of $688.03. The firm has a market capitalization of $33.84 billion, a P/E ratio of 74.61, a price-to-earnings-growth ratio of 4.41 and a beta of 1.61.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 10th. The aerospace company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. TransDigm Group had a net margin of 11.78% and a negative return on equity of 16.90%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $1.54 earnings per share. TransDigm Group’s revenue was up 19.2% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 9.98 EPS for the current fiscal year.

In other news, Chairman W Nicholas Howley sold 11,500 shares of the business’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $639.34, for a total value of $7,352,410.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of TransDigm Group stock in a transaction on Thursday, July 1st. The stock was sold at an average price of $654.67, for a total transaction of $6,546,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,000 shares of company stock valued at $27,256,835. 9.13% of the stock is currently owned by company insiders.

A number of research analysts have weighed in on the stock. Truist Securities raised their price objective on shares of TransDigm Group from $590.00 to $600.00 and gave the company a “hold” rating in a research note on Wednesday, August 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $750.00 target price on shares of TransDigm Group in a report on Wednesday, September 8th. Wells Fargo & Company assumed coverage on shares of TransDigm Group in a report on Tuesday, May 18th. They issued an “overweight” rating and a $718.00 target price for the company. Credit Suisse Group increased their target price on shares of TransDigm Group from $660.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, August 6th. Finally, TheStreet downgraded shares of TransDigm Group from a “b-” rating to a “c” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has an average rating of “Buy” and a consensus target price of $680.38.

TransDigm Group Company Profile

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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