Doliver Advisors LP Purchases New Position in TransDigm Group Incorporated (NYSE:TDG)

Doliver Advisors LP purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 443 shares of the aerospace company's stock, valued at approximately $613,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of TransDigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after purchasing an additional 1,240,112 shares during the period. Norges Bank acquired a new stake in shares of TransDigm Group during the 4th quarter valued at about $973,353,000. Proficio Capital Partners LLC boosted its position in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after acquiring an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new position in TransDigm Group in the fourth quarter valued at about $399,595,000. Finally, JPMorgan Chase & Co. boosted its position in TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TDG. Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research raised shares of 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. 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 note on Wednesday, April 2nd. 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 note on Thursday, May 8th. Finally, Truist Financial reduced 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 report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,492.36.

TransDigm Group Price Performance

TDG stock traded down $14.51 during trading hours on Monday, reaching $1,453.92. The stock had a trading volume of 152,606 shares, compared to its average volume of 261,825. The stock has a market capitalization of $81.66 billion, a PE ratio of 51.28, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock has a 50-day simple moving average of $1,377.21 and a 200 day simple moving average of $1,331.30. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54.

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

Insider Activity

In related news, Director Robert J. Small sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total transaction of $26,804,000.00. Following the sale, the director now directly owns 95,356 shares of the company's stock, valued at approximately $127,796,111.20. The trade was a 17.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,713 shares of company stock worth $208,099,857. 4.09% of the stock is currently owned by corporate insiders.

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.