Nicholas Investment Partners LP Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Nicholas Investment Partners LP decreased its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,936 shares of the aerospace company’s stock after selling 284 shares during the quarter. Nicholas Investment Partners LP’s holdings in TransDigm Group were worth $8,790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TDG. Resonant Capital Advisors LLC lifted its stake in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC lifted its stake in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares during the last quarter. CX Institutional grew its position in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares in the last quarter. Finally, Western Financial Corp CA grew its position in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TDG shares. UBS Group boosted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Northcoast Research upgraded shares of 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. Truist Financial reduced their target price 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. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,490.20.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,417.26 on Wednesday. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The company has a 50 day moving average price of $1,355.98 and a 200 day moving average price of $1,322.61. The stock has a market capitalization of $79.60 billion, a P/E ratio of 49.99, a PEG ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm earned $7.99 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 49,241 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the sale, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the transaction, the director now owns 15,539 shares of the company’s stock, valued at $20,545,510.41. This trade represents a 19.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,135 shares of company stock valued at $213,040,986. Corporate insiders own 4.09% of the company’s stock.

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.