New York Life Investment Management LLC Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

New York Life Investment Management LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,551 shares of the aerospace company’s stock after buying an additional 74 shares during the quarter. New York Life Investment Management LLC’s holdings in TransDigm Group were worth $9,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PFG Investments LLC bought a new position in shares of TransDigm Group during the 3rd quarter valued at about $226,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of TransDigm Group by 33.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company’s stock worth $7,450,000 after buying an additional 1,322 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in TransDigm Group by 24.3% during the third quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock valued at $664,000 after buying an additional 91 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in TransDigm Group by 70.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 306 shares of the aerospace company’s stock valued at $412,000 after buying an additional 126 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in TransDigm Group by 22.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,904 shares of the aerospace company’s stock worth $2,717,000 after acquiring an additional 352 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup increased their price objective 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. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial raised 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 report on Tuesday, January 14th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Stock Up 1.2 %

TDG opened at $1,348.25 on Friday. The stock’s fifty day moving average is $1,312.27 and its two-hundred day moving average is $1,322.71. The company has a market capitalization of $75.62 billion, a P/E ratio of 47.56, a PEG ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week 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 the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were 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. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,647 shares of company stock worth $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Company 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.