Gotham Asset Management LLC Has $22.58 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Gotham Asset Management LLC boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,818 shares of the aerospace company’s stock after acquiring an additional 125 shares during the quarter. Gotham Asset Management LLC’s holdings in TransDigm Group were worth $22,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors grew its stake in TransDigm Group by 4.3% during 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 last quarter. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 10.4% during 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 valued at $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Down 0.9 %

Shares of TransDigm Group stock opened at $1,372.20 on Friday. The business has a fifty day simple moving average of $1,353.73 and a 200 day simple moving average of $1,321.93. The stock has a market cap of $77.07 billion, a PE ratio of 48.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $7.99 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 49,241 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,135 shares of company stock worth $240,122,586. Company 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.