Assenagon Asset Management S.A. Makes New $422,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Assenagon Asset Management S.A. purchased a new position in TransDigm Group Incorporated (NYSE:TDGGet Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 804 shares of the aerospace company’s stock, valued at approximately $422,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of TransDigm Group by 68.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,112 shares of the aerospace company’s stock worth $10,030,000 after buying an additional 7,785 shares during the last quarter. Veriti Management LLC boosted its stake in shares of TransDigm Group by 11.8% in the 3rd quarter. Veriti Management LLC now owns 502 shares of the aerospace company’s stock worth $263,000 after buying an additional 53 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of TransDigm Group by 44.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,006 shares of the aerospace company’s stock worth $2,626,000 after buying an additional 1,540 shares during the last quarter. Mirabella Financial Services LLP boosted its stake in shares of TransDigm Group by 91.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 1,124 shares of the aerospace company’s stock worth $596,000 after buying an additional 537 shares during the last quarter. Finally, Truist Financial Corp lifted its position in TransDigm Group by 2.4% during the third quarter. Truist Financial Corp now owns 6,318 shares of the aerospace company’s stock valued at $3,316,000 after purchasing an additional 150 shares in the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 0.5 %

NYSE:TDG opened at $680.35 on Wednesday. The business’s 50-day simple moving average is $628.41 and its two-hundred day simple moving average is $598.96. The stock has a market cap of $36.99 billion, a PE ratio of 50.62, a P/E/G ratio of 1.67 and a beta of 1.39. TransDigm Group Incorporated has a 52 week low of $499.63 and a 52 week high of $691.00.

TransDigm Group (NYSE:TDGGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The aerospace company reported $4.74 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.28. TransDigm Group had a negative return on equity of 29.95% and a net margin of 15.95%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $3.94 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group Incorporated will post 19.88 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $13,367,301.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Jorge Valladares sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $667.41, for a total transaction of $13,348,200.00. Following the sale, the chief operating officer now directly owns 11,000 shares of the company’s stock, valued at $7,341,510. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the sale, the director now directly owns 21,548 shares in the company, valued at $13,367,301.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,000 shares of company stock valued at $21,412,750. 8.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TDG. Wolfe Research began coverage on TransDigm Group in a research report on Monday, October 10th. They set an “outperform” rating and a $650.00 target price on the stock. Credit Suisse Group lifted their target price on TransDigm Group from $718.00 to $735.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th. Wells Fargo & Company downgraded TransDigm Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $735.00 to $660.00 in a research report on Monday, November 28th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley lowered their target price on TransDigm Group from $801.00 to $765.00 and set an “overweight” rating on the stock in a research report on Monday, December 12th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Hold” and an average target price of $696.67.

About TransDigm Group

(Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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