Dorsey Wright & Associates Acquires 269 Shares of Transdigm Group Incorporated (NYSE:TDG)

Dorsey Wright & Associates raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,290 shares of the aerospace company's stock after acquiring an additional 269 shares during the quarter. Transdigm Group comprises 1.2% of Dorsey Wright & Associates' holdings, making the stock its 27th largest position. Dorsey Wright & Associates' holdings in Transdigm Group were worth $4,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC boosted its holdings in 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 during the period. Winch Advisory Services LLC raised its position in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. raised its holdings in Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group in the 1st quarter valued at $75,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. This trade represents a 34.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. This represents a 34.07% 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 worth $173,419,391 in the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Truist Financial boosted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Morgan Stanley boosted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, UBS Group upped their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,606.47.

Transdigm Group Price Performance

Shares of TDG stock traded up $0.85 on Thursday, reaching $1,598.60. 208,391 shares of the company were exchanged, compared to its average volume of 225,788. The company has a 50-day moving average of $1,486.15 and a 200-day moving average of $1,392.88. The company has a market cap of $89.79 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,615.35.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm posted $7.99 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict 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.