Allspring Global Investments Holdings LLC Has $21.94 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Allspring Global Investments Holdings LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,691 shares of the aerospace company’s stock after selling 849 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TransDigm Group were worth $21,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $25,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $27,000. Resurgent Financial Advisors LLC acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $30,000. Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $35,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.2 %

TDG stock opened at $1,220.38 on Friday. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,246.22. The firm has a market cap of $67.87 billion, a P/E ratio of 51.80, a P/E/G ratio of 2.49 and a beta of 1.42. The company’s 50-day moving average price is $1,185.05 and its two-hundred day moving average price is $1,034.60.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.15 EPS. Equities analysts predict that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total transaction of $3,066,870.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $3,680,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total transaction of $3,066,870.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $3,680,244. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jorge Valladares sold 2,427 shares of TransDigm Group stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,191.99, for a total transaction of $2,892,959.73. Following the sale, the director now owns 11,000 shares in the company, valued at $13,111,890. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,617 shares of company stock valued at $60,654,941. 4.96% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Truist Financial raised their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Barclays raised their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. The Goldman Sachs Group raised their price target on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,137.73.

About TransDigm Group

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.