Tokio Marine Asset Management Co. Ltd. Grows Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,393 shares of the aerospace company’s stock after buying an additional 69 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in TransDigm Group were worth $1,409,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its holdings in TransDigm Group by 47.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 479 shares of the aerospace company’s stock valued at $485,000 after purchasing an additional 155 shares during the last quarter. Yousif Capital Management LLC lifted its position in TransDigm Group by 6.4% during the fourth quarter. Yousif Capital Management LLC now owns 8,006 shares of the aerospace company’s stock valued at $8,099,000 after acquiring an additional 483 shares during the last quarter. GAMMA Investing LLC purchased a new stake in TransDigm Group during the fourth quarter valued at approximately $329,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in TransDigm Group by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after acquiring an additional 10 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in TransDigm Group by 2,361.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after acquiring an additional 75,784 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $5.29 on Friday, reaching $1,261.87. The company had a trading volume of 7,031 shares, compared to its average volume of 205,424. The firm’s 50 day moving average price is $1,200.78 and its two-hundred day moving average price is $1,057.32. The firm has a market cap of $70.17 billion, a PE ratio of 53.37, a PEG ratio of 2.53 and a beta of 1.42. TransDigm Group Incorporated has a 52-week low of $745.65 and a 52-week high of $1,265.25.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm earned $4.15 EPS. The business’s revenue was up 28.1% on a year-over-year basis. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDG. Truist Financial upped their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada raised their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Citigroup increased their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Barclays increased their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, Stifel Nicolaus increased their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,170.27.

Insider Buying and Selling

In other news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a document filed with the SEC, which is available at this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock valued at $69,840,358 in the last ninety days. Company insiders own 4.96% of the company’s stock.

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.