Blair William & Co. IL Increases Stake in TransDigm Group Incorporated

Blair William & Co. IL has increased its investment in TransDigm Group Incorporated (NYSE:TDG) by 0.4% in the fourth quarter. This update comes from the firm's recent Form 13F filing with the Securities and Exchange Commission. After acquiring an additional 674 shares during the period, the institutional investor now owns a total of 178,343 shares of the aerospace company. As per the latest filing, Blair William & Co. IL's holdings represent roughly 0.32% of TransDigm Group, valued at $226,011,000.

Additionally, other institutional investors and hedge funds have also engaged in buying and selling shares of TransDigm. For instance, Erste Asset Management GmbH purchased a new position in TransDigm Group in the third quarter, amounting to approximately $29,000. Capital Advisors Ltd. LLC notably increased its stake in the company by 200% in the fourth quarter, now holding 24 shares valued at $30,000 after acquiring an extra 16 shares. Trust Co. of Vermont similarly boosted its stake by 150% during the same quarter, now owning 25 shares worth $32,000 after adding 15 shares.

Versant Capital Management Inc. raised its stake by 225% in the fourth quarter, owning 26 shares valued at $33,000, following the acquisition of 18 additional shares. Also, Sachetta LLC increased its holdings by 105.9% during the fourth quarter, bringing its total to 35 shares now valued at $44,000 after acquiring 18 more shares. Overall, it is noteworthy that institutional investors and hedge funds own approximately 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other developments, insider trading activity has been observed at TransDigm Group. Director Robert J. Small executed a sale of 3,650 shares on February 14th, with the transaction occurring at an average price of $1,322.19, totaling approximately $4,825,993.50. Following this sale, Director Small possesses 15,539 shares valued at $20,545,510.41, reflecting a 19.02% decline in his ownership.

On January 15th, another director, W Nicholas Howley, sold 5,472 shares at an average price of $1,296.77, resulting in a total transaction of about $7,095,925.44. After this transaction, Howley holds 21,548 shares valued at $27,942,799.96 which represents a 20.25% decrease in his position. Over the past 90 days, insiders have sold 124,594 shares of the company, a total worth of $165,646,468. Notably, corporate insiders maintain an ownership of approximately 4.09% of TransDigm’s stock.

TransDigm Group's Recent Stock Performance

As for the company's stock performance, shares of NYSE TDG opened at $1,394.83 recently. TransDigm Group has seen a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company's market capitalization stands at $78.23 billion, with a P/E ratio of 49.20. The firm has a PEG ratio of 2.76 and a beta of 1.38. The fifty-day simple moving average is $1,341.20 while the 200-day simple moving average is $1,328.69.

TransDigm Group last announced its earnings on February 4th, reporting an earnings per share (EPS) of $7.57 for the quarter, exceeding analysts' expectations of $6.73 by $0.84. The company witnessed a net margin of 20.76% along with a negative return on equity of 42.87%. Revenue for the quarter was $2.01 billion, slightly lower than the analyst estimates of $2.03 billion. However, when compared to the same quarter in the prior year, quarterly revenue increased by 12.1%. Analysts predict that TransDigm Group will post an EPS of 35.13 for the current fiscal year.

Analyst Ratings for TransDigm Group

TransDigm Group has recently been in the spotlight with various analyst opinions. UBS Group upgraded its rating from "neutral" to "buy" with a new price target of $1,595.00, while Barclays reaffirmed an "equal weight" rating with a price target set at $1,500.00. Wells Fargo & Company increased their price target from $1,500.00 to $1,580.00, also rating the company as "overweight." StockNews.com upgraded the company from a "hold" to a "buy" in a recent report as well. Truist Financial raised their price target from $1,482.00 to $1,534.00, also giving it a "buy" rating. Overall, six analysts have rated the stock as a hold, while thirteen analysts have issued a buy rating. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,477.18.

About TransDigm Group

TransDigm Group Incorporated is engaged in the design, production, and supply of aircraft components both domestically and internationally. The company’s Power & Control segment offers a range of products including mechanical and electro-mechanical actuators, ignition systems, engine technology, specialized pumps, valves, power conditioning devices, electric motors and generators, batteries, sensor products, and cargo loading systems.

Investment, Aerospace, Shares