Quarry LP Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Quarry LP lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 42.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138 shares of the aerospace company’s stock after purchasing an additional 41 shares during the period. Quarry LP’s holdings in TransDigm Group were worth $175,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors lifted its holdings in TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after buying an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 206,822 shares during the period. Principal Financial Group Inc. lifted its holdings in TransDigm Group by 9.6% in 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 buying an additional 185,422 shares during the period. Finally, FMR LLC lifted its holdings in TransDigm Group by 0.3% in the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after buying an additional 5,414 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Truist Financial lowered their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Susquehanna raised their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,464.41.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,397.71 on Tuesday. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a fifty day moving average price of $1,339.86 and a 200-day moving average price of $1,319.51. The company has a market cap of $78.39 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,010,072.40. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,894 shares of company stock worth $167,450,256. Corporate insiders own 4.09% of the company’s stock.

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.