Nuveen Asset Management LLC Sells 21,978 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nuveen Asset Management LLC trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 14.9% in the fourth quarter, HoldingsChannel reports. The firm owned 125,305 shares of the aerospace company’s stock after selling 21,978 shares during the period. Nuveen Asset Management LLC’s holdings in TransDigm Group were worth $158,797,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on TDG shares. Susquehanna boosted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group boosted their target price 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. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Truist Financial lowered their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company raised their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,490.20.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,405.86 on Friday. The firm has a market capitalization of $78.96 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.76 and a beta of 1.09. The company’s 50 day simple moving average is $1,358.42 and its 200 day simple moving average is $1,323.54. 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 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. During the same period last year, the business posted $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, analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. The trade was a 20.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,485 shares of company stock valued at $208,214,992. 4.09% of the stock is owned by company insiders.

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.