Norden Group LLC Takes $3.75 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Norden Group LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,956 shares of the aerospace company’s stock, valued at approximately $3,746,000.

A number of other institutional investors also recently modified their holdings of TDG. First Personal Financial Services bought a new stake in shares of TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its position in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the last quarter. Trust Co. of Vermont increased its position in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 1.4 %

TransDigm Group stock opened at $1,368.24 on Friday. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The stock’s 50 day moving average is $1,314.11 and its 200-day moving average is $1,324.21. The company has a market capitalization of $76.74 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup lifted their target price on 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. 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. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. 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, 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. 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 company has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is owned by insiders.

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.