472 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by BlueSpruce Investments LP

BlueSpruce Investments LP purchased a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 472 shares of the aerospace company's stock, valued at approximately $598,000. TransDigm Group makes up 0.0% of BlueSpruce Investments LP's investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 9.5% during 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 buying an additional 173,642 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group during the 4th quarter worth approximately $911,000. Chicago Capital LLC lifted its position in TransDigm Group by 0.5% during the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after acquiring an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in TransDigm Group by 89.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after acquiring an additional 1,553 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after purchasing an additional 385 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TDG has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group boosted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial reduced their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Susquehanna raised their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,467.35.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,300 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This represents a 47.83 % decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $1,315.93, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 174,135 shares of company stock worth $240,122,586 in the last 90 days. 4.09% of the stock is owned by company insiders.

TransDigm Group Trading Down 0.6 %

Shares of TransDigm Group stock traded down $8.88 during mid-day trading on Wednesday, hitting $1,382.98. 385,301 shares of the stock were exchanged, compared to its average volume of 258,383. The company has a 50-day simple moving average of $1,352.92 and a 200 day simple moving average of $1,321.79. The stock has a market capitalization of $77.56 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $7.99 EPS. TransDigm Group's revenue was up 12.0% on a year-over-year basis. Equities 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.