ZEGA Investments LLC Buys New Position in TransDigm Group Incorporated (NYSE:TDG)

ZEGA Investments LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 764 shares of the aerospace company’s stock, valued at approximately $1,025,000.

Several other hedge funds have also made changes to their positions in the business. Prospera Financial Services Inc acquired a new stake in TransDigm Group during the 3rd quarter worth approximately $207,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of TransDigm Group during the third quarter worth $1,043,000. Moors & Cabot Inc. raised its stake in shares of TransDigm Group by 10.5% in the third quarter. Moors & Cabot Inc. now owns 263 shares of the aerospace company’s stock valued at $375,000 after acquiring an additional 25 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in TransDigm Group by 13.0% in the third quarter. Citizens Financial Group Inc. RI now owns 555 shares of the aerospace company’s stock valued at $792,000 after purchasing an additional 64 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in TransDigm Group during the 3rd quarter worth $287,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.2 %

TDG opened at $1,344.17 on Friday. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The business’s 50 day moving average is $1,335.17 and its two-hundred day moving average is $1,327.35. The firm has a market cap of $75.39 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company posted $7.16 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TDG. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has an average 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.