Perennial Advisors LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Perennial Advisors LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 390 shares of the aerospace company's stock, valued at approximately $539,000.

Several other hedge funds also recently bought and sold shares of TDG. Capital Advisors Ltd. LLC boosted its stake in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares during the period. Park Square Financial Group LLC purchased a new position in TransDigm Group during the fourth quarter worth about $32,000. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares during the period. Golden State Wealth Management LLC purchased a new position in TransDigm Group during the fourth quarter worth about $73,000. Finally, Whipplewood Advisors LLC purchased a new position in TransDigm Group during the fourth quarter worth about $74,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective 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. Truist Financial lowered their price objective 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. Susquehanna raised 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. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,505.23.

Insiders Place Their Bets

In other news, Director Sean P. Hennessy sold 4,700 shares of TransDigm Group stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the transaction, the director now directly owns 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 49,241 shares of TransDigm Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,713 shares of company stock valued at $154,267,457. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Trading Up 1.5%

NYSE:TDG traded up $21.99 during mid-day trading on Friday, hitting $1,466.48. The stock had a trading volume of 154,526 shares, compared to its average volume of 262,335. The stock has a 50-day simple moving average of $1,383.93 and a two-hundred day simple moving average of $1,337.45. The company has a market capitalization of $82.37 billion, a PE ratio of 51.73, a PEG ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating 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 firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company earned $7.99 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.