Transdigm Group Incorporated (NYSE:TDG) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1,100.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,136 shares of the aerospace company's stock after purchasing an additional 4,708 shares during the quarter. Edgestream Partners L.P.'s holdings in Transdigm Group were worth $7,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC increased its holdings in shares of Transdigm Group by 111.1% in the first 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 last quarter. Park Square Financial Group LLC purchased a new position in Transdigm Group in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. grew its position in Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the period. Wayfinding Financial LLC purchased a new position in Transdigm Group in the first quarter worth approximately $75,000. Finally, CVA Family Office LLC grew its position in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Trading Down 0.3%

NYSE:TDG traded down $4.56 during midday trading on Friday, reaching $1,590.69. The company had a trading volume of 102,917 shares, compared to its average volume of 276,833. The firm has a market capitalization of $89.35 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 3.18 and a beta of 1.04. The stock's fifty day simple moving average is $1,467.21 and its 200-day simple moving average is $1,381.60. Transdigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,607.31.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share 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 company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the firm earned $7.99 earnings per share. Transdigm Group's quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares in the company, valued at approximately $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 sold 119,413 shares of company stock valued at $172,987,751 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on TDG shares. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Stifel Nicolaus assumed coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. Truist Financial upped their price target 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. Susquehanna upped their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Wells Fargo & Company upped their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.