Massachusetts Financial Services Co. MA Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Massachusetts Financial Services Co. MA decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,576 shares of the aerospace company’s stock after selling 23,571 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.13% of TransDigm Group worth $95,776,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC grew its position in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% during the 4th 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. Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after buying an additional 21 shares in the last quarter. Finally, Sachetta LLC increased its holdings in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after buying an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value 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 represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value 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 $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Down 9.1 %

Shares of NYSE:TDG opened at $1,238.81 on Friday. The company has a market capitalization of $69.48 billion, a PE ratio of 43.70, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The business’s fifty day simple moving average is $1,343.93 and its 200-day simple moving average is $1,329.95.

TransDigm Group (NYSE:TDG) last released 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 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 analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $7.16 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent research reports. Susquehanna upped their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial raised their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,480.12.

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.