Keybank National Association OH Increases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Keybank National Association OH increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,862 shares of the aerospace company’s stock after purchasing an additional 92 shares during the period. Keybank National Association OH’s holdings in TransDigm Group were worth $7,429,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TDG. Westover Capital Advisors LLC bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $303,000. Commerzbank Aktiengesellschaft FI lifted its stake in TransDigm Group by 49.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 684 shares of the aerospace company’s stock worth $876,000 after purchasing an additional 227 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in TransDigm Group by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,253 shares of the aerospace company’s stock valued at $443,869,000 after purchasing an additional 12,147 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of TransDigm Group by 3.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,837 shares of the aerospace company’s stock valued at $9,931,000 after purchasing an additional 251 shares in the last quarter. Finally, Schechter Investment Advisors LLC increased its holdings in shares of TransDigm Group by 26.6% in the fourth quarter. Schechter Investment Advisors LLC now owns 443 shares of the aerospace company’s stock worth $561,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,376.10 on Thursday. The business has a 50-day moving average of $1,318.10 and a 200 day moving average of $1,326.26. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The stock has a market capitalization of $77.18 billion, a PE ratio of 48.54, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed 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 sale, the chief executive officer now 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. Insiders sold 121,647 shares of company stock valued at $155,847,223 in the last quarter. Company insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. UBS Group upgraded 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. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial lifted 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 research report on Tuesday, January 14th. Finally, Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,472.47.

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.