Coalescence Partners Investment Management LP Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Coalescence Partners Investment Management LP bought a new position in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,142 shares of the aerospace company’s stock, valued at approximately $7,784,000. TransDigm Group makes up 2.9% of Coalescence Partners Investment Management LP’s holdings, making the stock its 14th largest position.

Several other institutional investors have also added to or reduced their stakes in TDG. Farther Finance Advisors LLC grew its position in TransDigm Group by 10.0% in the third quarter. Farther Finance Advisors LLC now owns 187 shares of the aerospace company’s stock worth $266,000 after acquiring an additional 17 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of TransDigm Group by 34.1% during the 3rd quarter. QRG Capital Management Inc. now owns 751 shares of the aerospace company’s stock valued at $1,072,000 after purchasing an additional 191 shares during the last quarter. Summit Global Investments purchased a new stake in TransDigm Group during the 3rd quarter valued at $1,242,000. Pragma Gestao DE Patrimonio Ltd. lifted its position in TransDigm Group by 33.3% in the third quarter. Pragma Gestao DE Patrimonio Ltd. now owns 12,000 shares of the aerospace company’s stock worth $17,126,000 after buying an additional 3,000 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its stake in TransDigm Group by 7.0% during the third quarter. Washington Trust Advisors Inc. now owns 183 shares of the aerospace company’s stock worth $261,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

TDG opened at $1,339.77 on Friday. The firm has a market capitalization of $75.14 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business’s 50-day moving average is $1,319.94 and its two-hundred day moving average is $1,326.72. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm 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 business posted $7.16 EPS. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TDG shares. Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

About TransDigm Group

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.