QRG Capital Management Inc. Acquires 159 Shares of TransDigm Group Incorporated (NYSE:TDG)

QRG Capital Management Inc. increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 21.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 910 shares of the aerospace company’s stock after purchasing an additional 159 shares during the period. QRG Capital Management Inc.’s holdings in TransDigm Group were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TDG. Proficio Capital Partners LLC lifted its position in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after acquiring an additional 729,930 shares in the last quarter. Windacre Partnership LLC lifted its holdings in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in TransDigm Group by 9.6% during the 4th 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. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. Finally, FMR LLC grew its holdings in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,647 shares of company stock worth $155,847,223. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,369.82 on Tuesday. The stock has a market capitalization of $76.83 billion, a P/E ratio of 48.32, a PEG ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The firm’s 50 day simple moving average is $1,315.70 and its two-hundred day simple moving average is $1,325.43.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Company 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.