TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 177,412.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,240,811 shares of the aerospace company's stock after buying an additional 1,240,112 shares during the period. GAMMA Investing LLC owned approximately 2.21% of TransDigm Group worth $1,716,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of TransDigm Group during the fourth 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 fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after buying an additional 729,930 shares during the period. Edgewood Management LLC purchased a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $399,595,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. raised its stake in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after buying an additional 185,422 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. The trade was a 28.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,713 shares of company stock worth $208,099,857 over the last ninety days. 4.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on TDG shares. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Truist Financial decreased their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price target 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. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,492.36.

TransDigm Group Stock Down 0.3%

TDG traded down $3.75 on Tuesday, reaching $1,450.02. The company had a trading volume of 70,758 shares, compared to its average volume of 261,117. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The stock has a market capitalization of $81.44 billion, a PE ratio of 51.15, a P/E/G ratio of 2.76 and a beta of 1.09. The stock has a 50-day moving average price of $1,378.39 and a 200-day moving average price of $1,332.70.

TransDigm Group (NYSE:TDG - Get Free Report) last announced 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. The firm 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%. TransDigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $7.99 earnings per share. As a group, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.