TCW Group Inc. Acquires 2,706 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• TCW Group Inc. increased its stake in Transdigm Group by 14.1%, acquiring an additional 2,706 shares in the first quarter, bringing its total holdings to 21,950 shares valued at approximately $30.36 million.
• Institutional investors own 95.78% of Transdigm Group's stock, highlighting significant investor confidence in the company.
• Transdigm Group's most recent earnings report revealed an EPS of $9.11, exceeding analysts' expectations, although revenue slightly fell short at $2.15 billion.

TCW Group Inc. grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,950 shares of the aerospace company's stock after purchasing an additional 2,706 shares during the quarter. TCW Group Inc.'s holdings in Transdigm Group were worth $30,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Bruce G. Allen Investments LLC increased its position in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC increased its holdings in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Transdigm Group in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. increased its holdings in Transdigm Group by 210.0% in the fourth 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 during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Transdigm Group in the first quarter valued at about $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial boosted their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Susquehanna upped their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Citigroup upped their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Morgan Stanley boosted their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,606.47.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,163,660. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction on Monday, May 5th. The stock was 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 directly owned 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock valued at $173,419,391 in the last three months. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Shares of NYSE TDG traded down $6.96 during trading on Thursday, hitting $1,613.87. The company had a trading volume of 81,478 shares, compared to its average volume of 270,784. The business's 50-day moving average is $1,500.95 and its 200 day moving average is $1,402.24. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,623.82. The company has a market cap of $90.65 billion, a P/E ratio of 54.49, a PEG ratio of 3.25 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its 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 the consensus estimate of $2.17 billion. During the same period in the previous year, the business earned $7.99 EPS. The company's revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group 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.