Daiwa Securities Group Inc. Acquires 531 Shares of TransDigm Group Incorporated (NYSE:TDG)

Daiwa Securities Group Inc. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,469 shares of the aerospace company’s stock after purchasing an additional 531 shares during the period. Daiwa Securities Group Inc.’s holdings in TransDigm Group were worth $9,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. boosted its position in TransDigm Group by 3.7% in the third quarter. Assetmark Inc. now owns 6,194 shares of the aerospace company’s stock valued at $8,839,000 after buying an additional 220 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in TransDigm Group in the third quarter valued at about $81,000. Apollon Wealth Management LLC boosted its position in TransDigm Group by 8.2% in the third quarter. Apollon Wealth Management LLC now owns 831 shares of the aerospace company’s stock valued at $1,185,000 after buying an additional 63 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in TransDigm Group by 1.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,240 shares of the aerospace company’s stock valued at $175,880,000 after buying an additional 1,988 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its position in TransDigm Group by 15.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 3,880 shares of the aerospace company’s stock valued at $5,537,000 after buying an additional 514 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director Robert J. Small sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. This represents a 28.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,647 shares of company stock valued at $236,483,623 in the last ninety days. 4.09% of the stock is owned by insiders.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,322.09 on Wednesday. The stock has a market cap of $74.15 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock has a 50-day moving average of $1,322.16 and a 200-day moving average of $1,327.00. TransDigm Group Incorporated has a one year low of $1,154.20 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.16 EPS. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.