Federated Hermes Inc. Purchases 22,086 Shares of TransDigm Group Incorporated (NYSE:TDG)

Federated Hermes Inc. raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 160.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,821 shares of the aerospace company’s stock after acquiring an additional 22,086 shares during the period. Federated Hermes Inc.’s holdings in TransDigm Group were worth $36,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in shares of TransDigm Group by 23.4% in the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after purchasing an additional 183 shares in the last quarter. Acadian Asset Management LLC raised its stake in TransDigm Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after acquiring an additional 320 shares during the period. Panagora Asset Management Inc. lifted its holdings in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock valued at $1,523,000 after purchasing an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TransDigm Group by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after purchasing an additional 1,132 shares during the period. Finally, Sei Investments Co. increased its stake in shares of TransDigm Group by 7.3% in the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after purchasing an additional 2,020 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Down 2.1 %

Shares of NYSE:TDG opened at $1,187.70 on Friday. The company has a 50-day moving average price of $1,192.72 and a 200 day moving average price of $1,047.71. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The company has a market cap of $66.05 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 2.42 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business earned $4.15 EPS. The company’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the sale, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock worth $69,840,358 over the last quarter. Insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Citigroup increased their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Royal Bank of Canada boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,163.27.

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.