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

Quarry LP grew its position in TransDigm Group Incorporated (NYSE:TDG) by 42.3% during the 4th 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 acquiring an additional 41 shares during the quarter. Quarry LP’s holdings in TransDigm Group were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TDG. Anchor Investment Management LLC grew its stake in TransDigm Group by 5.0% in the 3rd quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock worth $1,309,000 after acquiring an additional 44 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in TransDigm Group in the 3rd quarter worth about $618,000. Franklin Resources Inc. grew its stake in TransDigm Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock worth $290,151,000 after acquiring an additional 4,442 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in TransDigm Group in the 3rd quarter worth about $716,000. Finally, JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,758,480. This trade represents a 47.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In 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 company insiders.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,397.71 on Tuesday. The stock has a market capitalization 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 Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm’s 50 day simple moving average is $1,339.86 and its 200-day simple moving average is $1,319.51.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $7.16 EPS. Analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Susquehanna increased their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Truist Financial dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group 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.