TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,951 shares of the aerospace company’s stock after selling 8,644 shares during the quarter. Barclays PLC owned about 0.12% of TransDigm Group worth $41,817,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TDG. Lone Pine Capital LLC acquired a new stake in TransDigm Group during the 2nd quarter worth $464,407,000. Altarock Partners LLC raised its stake in TransDigm Group by 31.9% during the 2nd quarter. Altarock Partners LLC now owns 1,256,182 shares of the aerospace company’s stock worth $813,114,000 after acquiring an additional 303,619 shares in the last quarter. Morgan Stanley raised its stake in TransDigm Group by 171.0% during the 2nd quarter. Morgan Stanley now owns 224,775 shares of the aerospace company’s stock worth $145,497,000 after acquiring an additional 141,817 shares in the last quarter. BlackRock Inc. raised its stake in TransDigm Group by 2.3% during the 2nd quarter. BlackRock Inc. now owns 4,129,836 shares of the aerospace company’s stock worth $2,673,203,000 after acquiring an additional 91,111 shares in the last quarter. Finally, Invesco Ltd. raised its stake in TransDigm Group by 17.9% during the 2nd quarter. Invesco Ltd. now owns 374,143 shares of the aerospace company’s stock worth $242,180,000 after acquiring an additional 56,675 shares in the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.

TDG stock opened at $645.38 on Friday. The company has a market cap of $35.66 billion, a P/E ratio of 62.18, a P/E/G ratio of 2.73 and a beta of 1.57. TransDigm Group Incorporated has a 52 week low of $517.37 and a 52 week high of $688.03. The company’s 50-day moving average price is $623.48 and its 200 day moving average price is $627.33.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, November 16th. The aerospace company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.55. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. TransDigm Group had a net margin of 14.17% and a negative return on equity of 20.33%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 earnings per share. As a group, analysts predict that TransDigm Group Incorporated will post 13.9 earnings per share for the current year.

A number of research firms have commented on TDG. Susquehanna lifted their price objective on shares of TransDigm Group from $680.00 to $708.00 and gave the company a “neutral” rating in a research note on Wednesday, November 17th. Bank of America upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $700.00 to $790.00 in a research note on Tuesday, November 23rd. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $678.00 price objective on the stock in a research note on Tuesday, October 19th. Truist Financial upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $600.00 to $786.00 in a research note on Friday, January 7th. Finally, Barclays lifted their price objective on shares of TransDigm Group from $680.00 to $710.00 and gave the company an “overweight” rating in a research note on Monday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $726.68.

In other TransDigm Group news, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction dated Wednesday, December 15th. The shares were sold at an average price of $571.72, for a total transaction of $6,574,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jane M. Cronin bought 300 shares of the business’s stock in a transaction on Friday, November 19th. The shares were acquired at an average price of $634.27 per share, with a total value of $190,281.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 61,500 shares of company stock valued at $39,305,280. 9.13% of the stock is currently owned by company insiders.

About TransDigm Group

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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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