Sumitomo Life Insurance Co. Sells 60 Shares of TransDigm Group Incorporated (NYSE:TDG)

Sumitomo Life Insurance Co. reduced its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,193 shares of the aerospace company’s stock after selling 60 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in TransDigm Group were worth $1,395,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TDG. Vulcan Value Partners LLC grew its position in TransDigm Group by 3.6% during the third quarter. Vulcan Value Partners LLC now owns 2,043,693 shares of the aerospace company’s stock worth $1,276,429,000 after buying an additional 70,579 shares in the last quarter. Capital Research Global Investors grew its position in TransDigm Group by 4.6% during the third quarter. Capital Research Global Investors now owns 1,012,648 shares of the aerospace company’s stock worth $632,487,000 after buying an additional 44,517 shares in the last quarter. Lone Pine Capital LLC boosted its holdings in TransDigm Group by 9.3% during the third quarter. Lone Pine Capital LLC now owns 784,342 shares of the aerospace company’s stock valued at $489,876,000 after purchasing an additional 66,879 shares in the last quarter. Voya Investment Management LLC boosted its holdings in TransDigm Group by 68.9% during the third quarter. Voya Investment Management LLC now owns 439,113 shares of the aerospace company’s stock valued at $274,257,000 after purchasing an additional 179,165 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in TransDigm Group by 34.4% during the third quarter. UBS Asset Management Americas Inc. now owns 337,189 shares of the aerospace company’s stock valued at $210,598,000 after purchasing an additional 86,272 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors.

In other news, Director Raymond F. Laubenthal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $670.00, for a total value of $3,350,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of the company’s stock in a transaction dated Tuesday, January 18th. The shares were sold at an average price of $630.77, for a total transaction of $7,253,855.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,500 shares of company stock worth $25,313,045 over the last three months. Insiders own 9.13% of the company’s stock.

A number of research firms have weighed in on TDG. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, April 11th. Morgan Stanley lifted their target price on shares of TransDigm Group from $762.00 to $801.00 and gave the company an “overweight” rating in a research note on Wednesday, February 9th. Finally, Truist Financial upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $600.00 to $786.00 in a research note on Friday, January 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Buy” and a consensus target price of $721.94.

NYSE TDG traded down $9.71 on Monday, reaching $628.77. The company had a trading volume of 4,545 shares, compared to its average volume of 320,550. The firm has a market capitalization of $34.87 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 2.10 and a beta of 1.45. TransDigm Group Incorporated has a 1-year low of $552.72 and a 1-year high of $688.03. The company’s fifty day moving average is $649.54 and its 200-day moving average is $635.34.

TransDigm Group (NYSE:TDGGet Rating) last announced its earnings results on Tuesday, February 8th. The aerospace company reported $2.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.68 by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.24 billion. TransDigm Group had a negative return on equity of 23.98% and a net margin of 16.23%. TransDigm Group’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 13.68 earnings per share for the current year.

About TransDigm Group (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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

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