GAMMA Investing LLC Has $1.24 Million Stock Position in Transdigm Group Incorporated (NYSE:TDG)

GAMMA Investing LLC raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 28.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 897 shares of the aerospace company's stock after buying an additional 198 shares during the period. GAMMA Investing LLC's holdings in Transdigm Group were worth $1,241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in shares of Transdigm Group by 15.5% during the fourth quarter. IFP Advisors Inc now owns 239 shares of the aerospace company's stock valued at $303,000 after acquiring an additional 32 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Transdigm Group by 7.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,930 shares of the aerospace company's stock valued at $2,446,000 after acquiring an additional 127 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Transdigm Group by 21.2% during the fourth quarter. QRG Capital Management Inc. now owns 910 shares of the aerospace company's stock valued at $1,153,000 after acquiring an additional 159 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Transdigm Group by 59.8% during the fourth quarter. Private Trust Co. NA now owns 326 shares of the aerospace company's stock valued at $413,000 after acquiring an additional 122 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Transdigm Group during the fourth quarter valued at $234,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,502.93 on Monday. The firm has a market cap of $84.42 billion, a price-to-earnings ratio of 50.74, a P/E/G ratio of 3.20 and a beta of 1.05. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,503.15. The firm's 50-day simple moving average is $1,424.74 and its two-hundred day simple moving average is $1,357.43.

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 (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm posted $7.99 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock valued at $202,651,767 over the last quarter. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TDG shares. UBS Group raised their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Truist Financial lowered their target price 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. Finally, The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Four investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,532.47.

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.

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