Alkeon Capital Management LLC Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Alkeon Capital Management LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,791 shares of the aerospace company's stock after buying an additional 50,000 shares during the period. TransDigm Group makes up about 0.6% of Alkeon Capital Management LLC's portfolio, making the stock its 24th largest position. Alkeon Capital Management LLC owned approximately 0.44% of TransDigm Group worth $311,486,000 at the end of the most recent quarter.

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

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the company's stock in a transaction dated 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 transaction, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,135 shares of company stock valued at $240,122,586. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a report on Monday, February 24th. Truist Financial decreased their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Stock Performance

Shares of TDG traded down $79.21 during mid-day trading on Tuesday, reaching $1,393.41. The company had a trading volume of 558,048 shares, compared to its average volume of 258,614. The firm has a 50-day moving average price of $1,351.72 and a 200 day moving average price of $1,320.86. The company has a market capitalization of $78.15 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.99 EPS. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group 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.