Siemens Fonds Invest GmbH Buys 50,531 Shares of TransDigm Group Incorporated (NYSE:TDG)

Siemens Fonds Invest GmbH lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 7,260.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,227 shares of the aerospace company’s stock after purchasing an additional 50,531 shares during the period. TransDigm Group accounts for 3.2% of Siemens Fonds Invest GmbH’s holdings, making the stock its 5th biggest position. Siemens Fonds Invest GmbH owned about 0.09% of TransDigm Group worth $64,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TDG. Norges Bank acquired a new stake in TransDigm Group in the fourth quarter valued at $973,353,000. Proficio Capital Partners LLC increased its stake in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC bought a new stake in shares of TransDigm Group in the 4th quarter valued at about $399,595,000. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TDG shares. UBS Group boosted their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Truist Financial cut their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Finally, Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,490.20.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,485 shares of company stock valued at $208,214,992 over the last 90 days. 4.09% of the stock is owned by insiders.

TransDigm Group Price Performance

NYSE TDG opened at $1,405.86 on Friday. The business has a fifty day moving average price of $1,358.42 and a two-hundred day moving average price of $1,323.54. The stock has a market capitalization of $78.96 billion, a PE ratio of 49.59, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business earned $7.99 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.