TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,715 shares of the aerospace company’s stock after selling 362 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TransDigm Group were worth $26,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Capital World Investors boosted its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after acquiring an additional 442,182 shares during the period. Capital Research Global Investors boosted its stake in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares during the period. Finally, Norges Bank purchased a new stake in TransDigm Group during the fourth quarter worth approximately $790,822,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,326.23 on Wednesday. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The firm has a market cap of $74.21 billion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The stock has a 50-day simple moving average of $1,271.22 and a 200-day simple moving average of $1,252.71.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.55 earnings per share. On average, equities research analysts predict that TransDigm Group Incorporated will post 30.58 EPS for the current year.

Wall Street Analysts Forecast Growth

TDG has been the topic of several research analyst reports. Barclays lifted their price target on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Wells Fargo & Company dropped their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird boosted their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Truist Financial lifted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,422.94.

Insiders Place Their Bets

In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the transaction, the director now directly owns 112,381 shares in the company, valued at $148,776,710.66. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares in the company, valued at $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock valued at $133,146,005 in the last quarter. Insiders own 4.96% of the company’s stock.

TransDigm Group 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.