Boothbay Fund Management LLC Sells 2,763 Shares of TransDigm Group Incorporated (NYSE:TDG)

Boothbay Fund Management LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378 shares of the aerospace company's stock after selling 2,763 shares during the quarter. Boothbay Fund Management LLC's holdings in TransDigm Group were worth $479,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TDG. Anchor Investment Management LLC boosted its position in shares of TransDigm Group by 5.0% in the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock valued at $1,309,000 after acquiring an additional 44 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in TransDigm Group in the 3rd quarter worth $618,000. Franklin Resources Inc. increased its holdings in shares of TransDigm Group by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock worth $290,151,000 after purchasing an additional 4,442 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of TransDigm Group during the third quarter valued at about $716,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 173,642 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TDG. Truist Financial reduced their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Northcoast Research raised 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. Finally, Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.41.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,758,480. This trade represents a 47.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares in the company, valued at $132,138,354.85. This represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock worth $167,450,256 in the last quarter. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Trading Up 1.0 %

TransDigm Group stock traded up $14.20 during mid-day trading on Friday, hitting $1,448.39. The stock had a trading volume of 384,994 shares, compared to its average volume of 256,476. The stock has a market capitalization of $81.23 billion, a PE ratio of 51.09, a P/E/G 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 $1,468.00. The stock has a 50-day simple moving average of $1,348.86 and a two-hundred day simple moving average of $1,320.89.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.16 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.