Graham Capital Management L.P. Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

Graham Capital Management L.P. cut its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 81.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231 shares of the aerospace company's stock after selling 1,008 shares during the period. Graham Capital Management L.P.'s holdings in TransDigm Group were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after buying an additional 79,284 shares in the last quarter. Capital World Investors boosted its holdings in shares of TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 10.4% during the 4th 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. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of TransDigm Group by 0.3% in the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after purchasing an additional 5,414 shares during the period. Institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Performance

Shares of TDG traded down $11.03 on Tuesday, hitting $1,428.97. 188,732 shares of the stock traded hands, compared to its average volume of 260,078. The business has a 50 day simple moving average of $1,362.67 and a 200 day simple moving average of $1,325.19. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The company has a market capitalization of $80.26 billion, a PE ratio of 50.40, a P/E/G ratio of 2.76 and a beta of 1.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $7.99 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

TDG has been the topic of a number of recent analyst reports. Susquehanna raised 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. Truist Financial decreased their price target on 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group lifted 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 report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This represents a 28.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,713 shares of company stock valued at $212,068,917. Insiders own 4.09% of the company's stock.

About TransDigm Group

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.