December 2, 2022
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  • National Asset Management Inc. buys 60 shares of TransDigm Group Incorporated (NYSE: TDG)

National Asset Management Inc. buys 60 shares of TransDigm Group Incorporated (NYSE: TDG)

By on July 30, 2022 0

National Asset Management Inc. raised its position in TransDigm Group Incorporated (NYSE: TDGGet a rating) by 11.1% in the 1st quarter, according to its last Form 13F filed with the Securities and Exchange Commission. The fund held 599 shares of the aerospace company after buying an additional 60 shares during the quarter. National Asset Management Inc.’s holdings in TransDigm Group were worth $391,000 when it last filed with the SEC.

Several other large investors have also recently bought and sold shares of TDG. Norges Bank bought a new stock position in TransDigm Group during the fourth quarter for a value of approximately $264,267,000. Select Equity Group LP increased its stake in TransDigm Group by 9,640.3% in the fourth quarter. Select Equity Group LP now owns 411,333 shares of the aerospace company worth $261,723,000 after buying an additional 407,110 shares last quarter. BlackRock Inc. increased its stake in TransDigm Group by 8.4% in the fourth quarter. BlackRock Inc. now owns 4,228,746 shares of the aerospace company worth $2,690,668,000 after buying 328,367 more shares last quarter. Windacre Partnership LLC increased its stake in TransDigm Group by 47.4% in the fourth quarter. Windacre Partnership LLC now owns 985,500 shares of the aerospace company worth $627,054,000 after purchasing an additional 316,700 shares last quarter. Finally, Vulcan Value Partners LLC increased its stake in TransDigm Group by 8.8% in the fourth quarter. Vulcan Value Partners LLC now owns 2,223,480 shares of the aerospace company worth $1,414,756,000 after purchasing an additional 179,787 shares last quarter. 99.33% of the shares are currently held by institutional investors.

Wall Street analysts predict growth

A number of equity research analysts have weighed in on the company. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a Thursday, May 19, report. Truist Financial reduced its price target on TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a Tuesday, July 19 research note. Susquehanna reduced its price target on TransDigm Group from $720.00 to $620.00 in a Wednesday, May 11 research note. Wells Fargo & Company reduced its price target on TransDigm Group from $700.00 to $620.00 in a Wednesday, May 11 research note. Finally, Susquehanna Bancshares reduced its price target on TransDigm Group from $720.00 to $620.00 in a Wednesday May 11 research note. Four equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $703.29.

Insider buying and selling

In other news, Director Robert J. Small acquired 28,453 shares of the company in a transaction dated Monday, May 23. The shares were purchased at an average cost of $565.00 per share, for a total transaction of $16,075,945.00. Following the acquisition, the administrator now owns 2,415,931 shares of the company, valued at $1,365,001,015. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. In related news, the director W Nicholas Howley sold 11,500 shares in a trade dated Wednesday, June 15. The stock was sold at an average price of $539.63, for a total transaction of $6,205,745.00. Following the completion of the sale, the administrator now directly owns 21,548 shares of the company, valued at approximately $11,627,947.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Additionally, director Robert J. Small purchased 28,453 shares of the company in a transaction that took place on Monday, May 23. The shares were purchased at an average price of $565.00 per share, with a total value of $16,075,945.00. Following the completion of the acquisition, the director now directly owns 2,415,931 shares of the company, valued at $1,365,001,015. Disclosure of this purchase can be found here. 8.96% of the shares are held by insiders of the company.

TransDigm Group trades up 2.0%

TDG stock opened at $622.34 on Friday. The stock’s fifty-day simple moving average is $564.82 and its two-hundred-day simple moving average is $606.93. TransDigm Group Incorporated has a 1-year minimum of $500.08 and a 1-year maximum of $686.06. The stock has a market capitalization of $33.98 billion, a P/E ratio of 43.31, a P/E/G ratio of 1.66 and a beta of 1.43.

TransDigm Group (NYSE: TDGGet a rating) last released its results on Tuesday, May 10. The aerospace company reported earnings per share (EPS) of $3.29 for the quarter, missing the consensus estimate of $3.31 per ($0.02). The company posted revenue of $1.33 billion in the quarter, versus a consensus estimate of $1.31 billion. TransDigm Group had a net margin of 17.70% and a negative return on equity of 27.39%. The company’s quarterly revenue increased by 11.1% compared to the same quarter last year. In the same quarter a year earlier, the company earned earnings per share of $2.29. As a group, analysts expect TransDigm Group Incorporated to post earnings per share of 14.54 for the current fiscal year.

About TransDigm Group

(Get a rating)

TransDigm Group Incorporated designs, produces and supplies aircraft components in the United States and around the world. Its Power & Control segment offers mechanical/electromechanical actuators and controls, ignition systems and motor technology, specialty pumps and valves, power conditioning devices, AC/DC electric motors and generators. specialty, batteries and chargers, data and power bus controls, sensing products, switches and relay panels, hoists, winches and hoists, and cargo loading and handling systems.

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Institutional ownership by quarter for TransDigm Group (NYSE: TDG)



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