TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,152 shares of the aerospace company’s stock after buying an additional 11,965 shares during the period. Wells Fargo & Company MN owned about 0.32% of TransDigm Group worth $177,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group during the fourth quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of TransDigm Group during the fourth quarter worth $26,000. Optiver Holding B.V. acquired a new position in shares of TransDigm Group during the third quarter worth $35,000. VisionPoint Advisory Group LLC bought a new stake in TransDigm Group during the fourth quarter valued at $37,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDG. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Morgan Stanley raised their price objective on TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. TD Cowen boosted their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, KeyCorp boosted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,327.44.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,220,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,220,136. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 11 shares of company stock worth $5,950 and have sold 48,203 shares worth $59,138,425. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,337.46 on Wednesday. The company has a market capitalization of $74.84 billion, a P/E ratio of 53.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39. TransDigm Group Incorporated has a 52-week low of $768.05 and a 52-week high of $1,340.76. The business has a 50-day simple moving average of $1,243.37 and a two-hundred day simple moving average of $1,116.79.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $5.39 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 29.96 earnings per share 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.