TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,623 shares of the aerospace company’s stock after purchasing an additional 599 shares during the period. DnB Asset Management AS’s holdings in TransDigm Group were worth $31,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Level Four Advisory Services LLC lifted its holdings in TransDigm Group by 5.1% in the 4th quarter. Level Four Advisory Services LLC now owns 2,451 shares of the aerospace company’s stock valued at $3,107,000 after purchasing an additional 119 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in TransDigm Group by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,114 shares of the aerospace company’s stock worth $1,412,000 after acquiring an additional 46 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of TransDigm Group by 3.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock worth $32,409,000 after purchasing an additional 846 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in TransDigm Group by 11.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 18,111 shares of the aerospace company’s stock valued at $22,952,000 after purchasing an additional 1,788 shares during the last quarter. Finally, X Square Capital LLC lifted its position in TransDigm Group by 1.0% during the fourth quarter. X Square Capital LLC now owns 2,082 shares of the aerospace company’s stock worth $2,638,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup increased their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,477.18.

TransDigm Group Price Performance

NYSE TDG opened at $1,377.22 on Friday. The company’s fifty day moving average price is $1,343.19 and its two-hundred day moving average price is $1,329.59. The company has a market capitalization of $77.24 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

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

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $165,646,468 over the last ninety days. 4.09% of the stock is owned by insiders.

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.