Natixis Advisors LLC Has $32.59 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Natixis Advisors LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,713 shares of the aerospace company’s stock after selling 1,481 shares during the quarter. Natixis Advisors LLC’s holdings in TransDigm Group were worth $32,586,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the period. Principal Financial Group Inc. raised its stake in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. FMR LLC raised its stake in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of TransDigm Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after purchasing an additional 19,314 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TDG shares. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Price Performance

Shares of TDG opened at $1,346.98 on Monday. TransDigm Group Incorporated has a one year low of $1,163.82 and a one year high of $1,451.32. The company has a market cap of $75.55 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.76 and a beta of 1.38. The firm has a 50 day simple moving average of $1,326.27 and a two-hundred day simple moving average of $1,327.28.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,594 shares of company stock worth $164,002,398 over the last three months. Corporate 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.