Waverly Advisors LLC Buys New Shares in TransDigm Group Incorporated (NYSE:TDG)

Waverly Advisors LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 195 shares of the aerospace company's stock, valued at approximately $247,000.

A number of other large investors also recently added to or reduced their stakes in the business. Worldquant Millennium Advisors LLC lifted its position in TransDigm Group by 1,229.8% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 56,489 shares of the aerospace company's stock valued at $71,587,000 after purchasing an additional 52,241 shares during the period. Whitford Management LLC lifted its position in TransDigm Group by 502.4% during the 4th quarter. Whitford Management LLC now owns 14,331 shares of the aerospace company's stock valued at $18,162,000 after purchasing an additional 11,952 shares during the period. Woodline Partners LP lifted its position in TransDigm Group by 1,269.1% during the 4th quarter. Woodline Partners LP now owns 2,259 shares of the aerospace company's stock valued at $2,863,000 after purchasing an additional 2,094 shares during the period. Zimmer Partners LP lifted its position in TransDigm Group by 221.3% during the 4th quarter. Zimmer Partners LP now owns 28,920 shares of the aerospace company's stock valued at $36,650,000 after purchasing an additional 19,920 shares during the period. Finally, Vident Advisory LLC lifted its position in TransDigm Group by 17.3% during the 4th quarter. Vident Advisory LLC now owns 3,842 shares of the aerospace company's stock valued at $4,870,000 after purchasing an additional 568 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,896,144. This trade represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,713 shares of company stock valued at $208,099,857 in the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

NYSE TDG traded up $7.51 during trading hours on Friday, reaching $1,468.19. 374,966 shares of the company's stock were exchanged, compared to its average volume of 262,266. The company's 50-day moving average is $1,377.21 and its two-hundred day moving average is $1,330.90. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The company has a market capitalization of $82.46 billion, a price-to-earnings ratio of 51.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the business earned $7.99 EPS. TransDigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TDG. Wells Fargo & Company upped their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Susquehanna upped 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 report on Wednesday, April 2nd. 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 research note on Wednesday, April 9th. Truist Financial lowered their price target 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. Finally, Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,492.36.

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.