TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 838 shares of the aerospace company's stock after purchasing an additional 240 shares during the quarter. Balyasny Asset Management L.P.'s holdings in TransDigm Group were worth $1,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TDG. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Czech National Bank boosted its holdings in TransDigm Group by 6.7% in the fourth quarter. Czech National Bank now owns 12,192 shares of the aerospace company's stock valued at $15,451,000 after purchasing an additional 762 shares during the last quarter. Wedmont Private Capital boosted its holdings in TransDigm Group by 2.3% in the fourth quarter. Wedmont Private Capital now owns 763 shares of the aerospace company's stock valued at $963,000 after purchasing an additional 17 shares during the last quarter. Eastern Bank boosted its holdings in TransDigm Group by 1,460.0% in the fourth quarter. Eastern Bank now owns 78 shares of the aerospace company's stock valued at $99,000 after purchasing an additional 73 shares during the last quarter. Finally, Tuttle Capital Management LLC boosted its holdings in TransDigm Group by 34.8% in the fourth quarter. Tuttle Capital Management LLC now owns 341 shares of the aerospace company's stock valued at $432,000 after purchasing an additional 88 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TDG shares. UBS Group lifted their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Northcoast Research raised 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. Wells Fargo & Company upped their price target 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. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Truist Financial reduced their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,490.20.

TransDigm Group Stock Up 1.1%

Shares of TransDigm Group stock traded up $15.62 during mid-day trading on Monday, reaching $1,438.79. 229,968 shares of the stock traded hands, compared to its average volume of 260,041. The business has a 50-day moving average of $1,362.67 and a 200 day moving average of $1,325.19. The stock has a market capitalization of $80.81 billion, a PE ratio of 50.75, a PEG 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.

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, beating analysts' consensus estimates of $8.83 by $0.28. The business 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%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $7.99 earnings per share. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,762,872. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,485 shares of company stock worth $208,214,992. Company insiders own 4.09% of the company's stock.

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.