Hudson Way Capital Management LLC Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

Hudson Way Capital Management LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 56,465 shares of the aerospace company’s stock after purchasing an additional 10,025 shares during the period. TransDigm Group accounts for approximately 8.1% of Hudson Way Capital Management LLC’s holdings, making the stock its 4th biggest holding. Hudson Way Capital Management LLC owned 0.10% of TransDigm Group worth $71,557,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 173,642 shares during the last quarter. Fulton Bank N.A. boosted its stake in TransDigm Group by 10.7% in the fourth quarter. Fulton Bank N.A. now owns 249 shares of the aerospace company’s stock valued at $316,000 after acquiring an additional 24 shares during the period. Graypoint LLC grew its holdings in shares of TransDigm Group by 8.1% during the fourth quarter. Graypoint LLC now owns 239 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 18 shares during the last quarter. Czech National Bank raised its position in shares of TransDigm Group by 6.7% during the 4th quarter. Czech National Bank now owns 12,192 shares of the aerospace company’s stock worth $15,451,000 after purchasing an additional 762 shares during the period. Finally, Paragon Advisors LLC lifted its holdings in shares of TransDigm Group by 1.8% in the 4th quarter. Paragon Advisors LLC now owns 1,576 shares of the aerospace company’s stock worth $1,997,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday. Susquehanna upped their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial decreased their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, UBS Group lifted their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,490.20.

Insider Activity

In other news, Director Robert J. Small sold 3,650 shares of the 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 value of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares of the company’s stock, valued at $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,135 shares of company stock worth $240,122,586 over the last quarter. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 0.9 %

Shares of NYSE TDG opened at $1,372.20 on Friday. The stock’s fifty day simple moving average is $1,353.73 and its 200 day simple moving average is $1,321.68. The stock has a market capitalization of $77.07 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $7.99 earnings per share. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.