Howland Capital Management LLC Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Howland Capital Management LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,063 shares of the aerospace company’s stock after acquiring an additional 988 shares during the period. Howland Capital Management LLC’s holdings in TransDigm Group were worth $20,356,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after acquiring an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after acquiring an additional 8,655 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,329.35 on Friday. The company has a 50 day simple moving average of $1,294.68 and a 200-day simple moving average of $1,314.40. The company has a market capitalization of $74.55 billion, a P/E ratio of 46.89, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,100.86 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $7.16 EPS. As a group, research analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 in the last 90 days. Insiders own 4.09% of the company’s stock.

TransDigm Group Profile

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.