AM Investment Strategies LLC Takes $730,000 Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• AM Investment Strategies LLC acquired 528 shares of Transdigm Group Incorporated, valued at approximately $730,000, as part of its new position in the company.
• Insider transactions included Director Sean P. Hennessy selling 4,700 shares for about $6.75 million, reducing his position by 12.24%.
• Transdigm Group's stock is currently rated as a "Moderate Buy" with a consensus price target of $1,606.47, following recent upgrades from multiple analysts.

AM Investment Strategies LLC purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 528 shares of the aerospace company's stock, valued at approximately $730,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its holdings in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its stake in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the 4th quarter worth $32,000. Meeder Asset Management Inc. increased its stake in Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group in the first quarter valued at $75,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

TDG traded down $0.84 during midday trading on Tuesday, reaching $1,605.55. 49,748 shares of the company's stock were exchanged, compared to its average volume of 272,104. The stock has a market capitalization of $90.18 billion, a PE ratio of 54.20, a P/E/G ratio of 3.25 and a beta of 1.04. The business's 50-day moving average price is $1,493.15 and its 200 day moving average price is $1,399.29. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,617.45.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 earnings per share. Transdigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,163,660. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 49,241 shares of the business's 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 sale, the director owned 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,113 shares of company stock valued at $173,419,391 in the last ninety days. 4.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TDG shares. Susquehanna lifted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Truist Financial boosted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Transdigm Group Company 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.