CHURCHILL MANAGEMENT Corp Purchases 1,592 Shares of Transdigm Group Incorporated (NYSE:TDG)

CHURCHILL MANAGEMENT Corp grew its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,258 shares of the aerospace company's stock after purchasing an additional 1,592 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Transdigm Group were worth $10,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. IFP Advisors Inc lifted its holdings in Transdigm Group by 15.5% during the 4th quarter. IFP Advisors Inc now owns 239 shares of the aerospace company's stock worth $303,000 after buying an additional 32 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Transdigm Group by 7.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,930 shares of the aerospace company's stock worth $2,446,000 after purchasing an additional 127 shares during the period. QRG Capital Management Inc. raised its holdings in Transdigm Group by 21.2% during the 4th quarter. QRG Capital Management Inc. now owns 910 shares of the aerospace company's stock worth $1,153,000 after purchasing an additional 159 shares during the last quarter. Private Trust Co. NA lifted its position in Transdigm Group by 59.8% during the 4th quarter. Private Trust Co. NA now owns 326 shares of the aerospace company's stock valued at $413,000 after purchasing an additional 122 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of Transdigm Group in the 4th quarter valued at about $234,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 49,241 shares of Transdigm Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $31,801,615.80. The trade was a 69.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the sale, the director owned 33,713 shares in the company, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,149 shares of company stock worth $202,651,767. 4.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TDG has been the subject of a number of recent research reports. Truist Financial dropped their price target on shares of 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. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Finally, UBS Group raised their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,545.80.

Transdigm Group Trading Down 0.3%

Shares of TDG stock traded down $3.82 during trading hours on Wednesday, hitting $1,509.00. 52,674 shares of the company were exchanged, compared to its average volume of 260,870. The company has a market capitalization of $84.76 billion, a PE ratio of 50.89, a PEG ratio of 3.24 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,528.45. The business has a 50 day moving average of $1,433.18 and a two-hundred day moving average of $1,360.34.

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 firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.99 EPS. On average, research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.