Crestline Management LP Sells 1,462 Shares of TransDigm Group Incorporated (NYSE:TDG)

Crestline Management LP lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 47.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the aerospace company's stock after selling 1,462 shares during the quarter. Crestline Management LP's holdings in TransDigm Group were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resonant Capital Advisors LLC lifted its position in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC boosted its holdings in TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 8 shares during the period. CX Institutional raised its holdings in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA boosted its stake in TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TDG shares. Truist Financial cut 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. UBS Group boosted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Susquehanna lifted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,490.20.

TransDigm Group Trading Up 1.3%

Shares of NYSE:TDG traded up $18.95 during mid-day trading on Tuesday, reaching $1,436.13. The stock had a trading volume of 90,439 shares, compared to its average volume of 259,000. The firm has a 50 day simple moving average of $1,354.52 and a two-hundred day simple moving average of $1,321.95. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a market cap of $80.66 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the company earned $7.99 EPS. The firm's quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm'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 value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This represents 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 sold 174,135 shares of company stock worth $240,122,586. 4.09% of the stock is owned by company insiders.

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.