New England Research & Management Inc. Lowers Stake in TransDigm Group Incorporated (NYSE:TDG)

New England Research & Management Inc. decreased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 805 shares of the aerospace company's stock after selling 402 shares during the quarter. New England Research & Management Inc.'s holdings in TransDigm Group were worth $1,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDG. Empowered Funds LLC lifted its holdings in TransDigm Group by 21.0% during the fourth quarter. Empowered Funds LLC now owns 1,307 shares of the aerospace company's stock valued at $1,656,000 after purchasing an additional 227 shares in the last quarter. Savant Capital LLC lifted its holdings in TransDigm Group by 7.9% during the fourth quarter. Savant Capital LLC now owns 873 shares of the aerospace company's stock valued at $1,106,000 after purchasing an additional 64 shares in the last quarter. Avestar Capital LLC lifted its holdings in TransDigm Group by 29.6% during the fourth quarter. Avestar Capital LLC now owns 792 shares of the aerospace company's stock valued at $1,004,000 after purchasing an additional 181 shares in the last quarter. AMS Capital Ltda lifted its holdings in TransDigm Group by 97.9% during the fourth quarter. AMS Capital Ltda now owns 6,892 shares of the aerospace company's stock valued at $8,734,000 after purchasing an additional 3,409 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in TransDigm Group by 10.1% during the fourth quarter. V Square Quantitative Management LLC now owns 174 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Up 0.1%

TDG traded up $1.76 during trading hours on Friday, hitting $1,437.60. The company's stock had a trading volume of 318,150 shares, compared to its average volume of 263,767. The business's 50-day moving average price is $1,398.26 and its 200-day moving average price is $1,343.88. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The stock has a market cap of $80.75 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 2.76 and a beta of 1.05.

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, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the business posted $7.99 earnings per share. TransDigm Group's quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,413 shares of company stock worth $198,508,074. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDG. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Susquehanna lifted 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. Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Truist Financial lowered 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 report on Thursday, April 17th. Finally, UBS Group lifted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,505.23.

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.