AIA Group Ltd Has $387,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Posted by Defense World Staff on Apr 16th, 2023

AIA Group Ltd grew its holdings in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 615 shares of the aerospace company’s stock after purchasing an additional 27 shares during the quarter. AIA Group Ltd’s holdings in TransDigm Group were worth $387,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in TransDigm Group in the third quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group during the third quarter valued at $27,000. Guardian Wealth Advisors LLC acquired a new position in shares of TransDigm Group during the third quarter valued at $33,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of TransDigm Group by 112.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 37 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its stake in shares of TransDigm Group by 1,675.0% during the fourth quarter. Kistler Tiffany Companies LLC now owns 71 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 96.00% of the company’s stock.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 6,500 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $685.24, for a total transaction of $4,454,060.00. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $14,765,551.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director W Nicholas Howley sold 6,500 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $685.24, for a total transaction of $4,454,060.00. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $14,765,551.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sarah Wynne sold 180 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total value of $129,673.80. Following the transaction, the chief accounting officer now directly owns 700 shares of the company’s stock, valued at $504,287. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,393 shares of company stock worth $195,711,296. 7.18% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $751.83 on Friday. TransDigm Group Incorporated has a 1 year low of $499.63 and a 1 year high of $772.01. The business has a 50-day moving average of $735.16 and a two-hundred day moving average of $655.25. The company has a market capitalization of $41.05 billion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 2.00 and a beta of 1.37.

TransDigm Group (NYSE:TDG – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. TransDigm Group had a negative return on equity of 30.59% and a net margin of 16.53%. On average, equities analysts anticipate that TransDigm Group Incorporated will post 20.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TDG shares. Morgan Stanley upped their price target on TransDigm Group from $765.00 to $793.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. StockNews.com initiated coverage on TransDigm Group in a report on Thursday, March 16th. They issued a “buy” rating for the company. Robert W. Baird upped their price objective on TransDigm Group from $720.00 to $767.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Susquehanna upped their price objective on TransDigm Group from $665.00 to $750.00 and gave the company a “neutral” rating in a report on Wednesday, February 8th. Finally, Royal Bank of Canada upped their price objective on TransDigm Group from $750.00 to $800.00 in a report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $762.00.

TransDigm Group Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.