Mutual Advisors LLC Makes New Investment in Transdigm Group Incorporated (NYSE:TDG)

Mutual Advisors LLC purchased a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 191 shares of the aerospace company's stock, valued at approximately $263,000.

Several other hedge funds have also bought and sold shares of TDG. Bruce G. Allen Investments LLC raised its position in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. raised its position in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares in the last quarter. CVA Family Office LLC raised its position in shares of Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Transdigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

TDG stock traded up $1.24 during midday trading on Friday, hitting $1,540.77. 175,122 shares of the stock traded hands, compared to its average volume of 261,966. The firm has a market cap of $86.54 billion, a P/E ratio of 52.02, a PEG ratio of 3.26 and a beta of 1.04. The stock's fifty day simple moving average is $1,451.68 and its 200-day simple moving average is $1,372.04. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,553.64.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 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 last year, the business earned $7.99 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TDG shares. Truist Financial upped their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday. Northcoast Research upgraded 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. KeyCorp increased their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Susquehanna increased their price objective 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. Finally, The Goldman Sachs Group increased their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,561.80.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. This represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is owned by company insiders.

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.