TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 8,750.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 177 shares of the aerospace company’s stock after purchasing an additional 175 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in TransDigm Group were worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after buying an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC boosted its position in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after buying an additional 19,314 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,339.77 on Friday. The firm has a market cap of $75.14 billion, a price-to-earnings ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The stock has a 50-day simple moving average of $1,319.94 and a 200-day simple moving average of $1,326.72.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business 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 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred 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 transaction, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,647 shares of company stock valued at $155,847,223. Corporate insiders own 4.09% of the company’s stock.

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.