Transdigm Group Incorporated (NYSE:TDG) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,035 shares of the aerospace company’s stock after purchasing an additional 27 shares during the period. Assenagon Asset Management S.A.’s holdings in Transdigm Group were worth $1,432,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TDG. Vanguard Group Inc. increased its stake in Transdigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors increased its position in shares of Transdigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after acquiring an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. FMR LLC lifted its position in shares of Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company’s stock worth $2,421,979,000 after purchasing an additional 87,309 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director now owns 88,419 shares of the company’s stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer now owns 3,400 shares of the company’s stock, valued at $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,413 shares of company stock worth $198,508,074. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,424.96 on Wednesday. The firm has a market cap of $80.04 billion, a price-to-earnings ratio of 48.11, a P/E/G ratio of 3.04 and a beta of 1.05. The stock has a 50-day simple moving average of $1,404.34 and a 200-day simple moving average of $1,346.29. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $7.99 earnings per share. As a group, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on TDG shares. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. UBS Group upped their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Truist Financial reduced their price objective on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. Finally, Susquehanna upped their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,505.23.

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.