Gallo Partners LP Takes $2.15 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Gallo Partners LP purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,693 shares of the aerospace company’s stock, valued at approximately $2,146,000. TransDigm Group comprises 1.6% of Gallo Partners LP’s portfolio, making the stock its 29th biggest position.

Several other large investors also recently bought and sold shares of the business. Capital Advisors Ltd. LLC boosted its holdings in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc grew its holdings in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Sachetta LLC raised its holdings in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,406.88 on Wednesday. The business has a 50-day simple moving average of $1,341.77 and a 200-day simple moving average of $1,320.12. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market cap of $78.90 billion, a PE ratio of 49.63, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $7.16 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, 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. Over the last quarter, insiders have sold 124,894 shares of company stock valued at $167,450,256. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday, February 24th. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and thirteen 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 target price of $1,464.41.

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.