HM Payson & Co. Buys Shares of 143 TransDigm Group Incorporated (NYSE:TDG)

HM Payson & Co. bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 143 shares of the aerospace company’s stock, valued at approximately $181,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp grew its stake in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC grew its stake in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TDG shares. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six 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, the company currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock worth $155,847,223 over the last three months. 4.09% of the stock is currently owned by insiders.

TransDigm Group Stock Down 0.4 %

Shares of TDG stock opened at $1,339.77 on Monday. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The firm has a market cap of $75.14 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock has a 50 day moving average of $1,319.94 and a 200-day moving average of $1,326.81.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company earned $7.16 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

About TransDigm Group

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.