Bourgeon Capital Management LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Bourgeon Capital Management LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 270 shares of the aerospace company's stock, valued at approximately $373,000.

Several other institutional investors have also recently modified their holdings of TDG. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in TransDigm Group during the fourth quarter valued at $911,000. Chicago Capital LLC boosted its holdings in TransDigm Group by 0.5% in the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after purchasing an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in TransDigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after purchasing an additional 1,553 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after buying an additional 385 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 40,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was 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 directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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

Shares of TDG traded down $7.37 during trading hours on Wednesday, hitting $1,448.58. 173,541 shares of the stock were exchanged, compared to its average volume of 261,848. The stock's 50-day moving average price is $1,379.86 and its two-hundred day moving average price is $1,333.56. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The company has a market cap of $81.36 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last released 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. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.99 earnings per share. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDG. Wells Fargo & Company raised their target price 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. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, UBS Group increased their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,492.36.

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.