GAMMA Investing LLC Acquires 1,240,112 Shares of TransDigm Group Incorporated (NYSE:TDG)

GAMMA Investing LLC grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 177,412.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,240,811 shares of the aerospace company’s stock after buying an additional 1,240,112 shares during the period. GAMMA Investing LLC owned 2.21% of TransDigm Group worth $1,716,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. MassMutual Private Wealth & Trust FSB increased its position in TransDigm Group by 58.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 250 shares of the aerospace company’s stock valued at $346,000 after purchasing an additional 92 shares during the period. Wellington Management Group LLP boosted its stake in shares of TransDigm Group by 26.5% during the 4th quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company’s stock valued at $3,066,000 after purchasing an additional 506 shares in the last quarter. Siemens Fonds Invest GmbH increased its position in shares of TransDigm Group by 7,260.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company’s stock valued at $64,919,000 after buying an additional 50,531 shares during the period. Park Square Financial Group LLC bought a new position in TransDigm Group in the fourth quarter worth about $32,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TransDigm Group in the fourth quarter worth about $31,753,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,462.18 on Friday. The firm has a market cap of $82.13 billion, a P/E ratio of 51.58, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The firm has a 50-day simple moving average of $1,375.71 and a two-hundred day simple moving average of $1,330.34.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the company posted $7.99 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,010,072.40. The trade was a 20.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now directly owns 98,185 shares of the company’s stock, valued at $132,138,354.85. The trade was a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,713 shares of company stock valued at $208,099,857 over the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company upped their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Wall Street Zen raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Northcoast Research raised 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 boosted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. 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 for the company in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,492.36.

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.