TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 20.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,765 shares of the aerospace company’s stock after selling 1,766 shares during the period. Intech Investment Management LLC’s holdings in TransDigm Group were worth $8,332,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TDG. Norges Bank acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $790,822,000. Cerity Partners LLC raised its position in shares of TransDigm Group by 34,288.0% in the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock valued at $208,025,000 after buying an additional 205,042 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares during the last quarter. Capital World Investors raised its position in shares of TransDigm Group by 4.0% in the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after buying an additional 120,058 shares during the last quarter. Finally, Linonia Partnership LP acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $96,884,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Thursday, June 27th. Truist Financial increased their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp increased their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Susquehanna upped their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,417.69.

Insider Activity

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. Over 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 company insiders.

TransDigm Group Price Performance

Shares of NYSE TDG traded down $7.85 during midday trading on Friday, hitting $1,238.07. The company’s stock had a trading volume of 168,121 shares, compared to its average volume of 287,288. The business’s fifty day simple moving average is $1,300.92 and its two-hundred day simple moving average is $1,213.21. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The firm has a market capitalization of $69.28 billion, a price-to-earnings ratio of 49.11, a price-to-earnings-growth ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $5.39 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 30.21 EPS for the current fiscal 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.