Korea Investment CORP Has $46.96 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Korea Investment CORP lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 21.1% in the fourth quarter, HoldingsChannel reports. The firm owned 37,057 shares of the aerospace company’s stock after selling 9,912 shares during the period. Korea Investment CORP’s holdings in TransDigm Group were worth $46,962,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its stake in shares of TransDigm Group by 25.0% in the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 255 shares during the last quarter. Freedom Investment Management Inc. increased its holdings in TransDigm Group by 17.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 456 shares of the aerospace company’s stock valued at $650,000 after purchasing an additional 67 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in TransDigm Group in the 3rd quarter valued at $31,397,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TransDigm Group by 6.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,904 shares of the aerospace company’s stock worth $51,240,000 after purchasing an additional 2,210 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Down 0.8 %

Shares of NYSE TDG opened at $1,383.41 on Friday. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The stock has a market cap of $77.59 billion, a price-to-earnings ratio of 48.80, a P/E/G ratio of 2.76 and a beta of 1.38. The company’s fifty day moving average is $1,342.45 and its 200-day moving average is $1,329.07.

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

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on TDG shares. Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company upped their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price 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 given a buy rating to the stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,477.18.

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.