Rhumbline Advisers Has $125.86 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Rhumbline Advisers lessened its position in TransDigm Group Incorporated (NYSE:TDG) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 99,318 shares of the aerospace company’s stock after selling 2,259 shares during the quarter. Rhumbline Advisers’ holdings in TransDigm Group were worth $125,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted 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 in the last quarter. JPMorgan Chase & Co. boosted 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 in the last quarter. FMR LLC boosted 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 in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Finally, Windacre Partnership LLC boosted its stake in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 109,525 shares of company stock worth $139,851,401. 4.09% of the stock is owned by company insiders.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,315.29 on Friday. The stock has a market cap of $73.76 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The stock has a 50-day moving average of $1,300.84 and a 200-day moving average of $1,317.67. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year 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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $7.16 EPS. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

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.