Teza Capital Management LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Teza Capital Management LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 212 shares of the aerospace company's stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Tidal Investments LLC lifted its position in TransDigm Group by 993.1% during the fourth quarter. Tidal Investments LLC now owns 15,216 shares of the aerospace company's stock worth $19,283,000 after acquiring an additional 13,824 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of TransDigm Group in the fourth quarter valued at approximately $286,000. Toronto Dominion Bank increased its stake in shares of TransDigm Group by 20.5% during the fourth quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company's stock worth $34,630,000 after purchasing an additional 4,651 shares during the period. Siemens Fonds Invest GmbH increased its stake in shares of TransDigm Group by 7,260.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company's stock worth $64,919,000 after purchasing an additional 50,531 shares during the period. Finally, Royal Bank of Canada lifted its holdings in TransDigm Group by 16.5% during the 4th quarter. Royal Bank of Canada now owns 160,493 shares of the aerospace company's stock worth $203,390,000 after purchasing an additional 22,711 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In related news, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now owns 98,185 shares in the company, valued at $132,138,354.85. The trade was a 28.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,300 shares of the firm'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 of the company's stock, valued at $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,713 shares of company stock valued at $212,068,917 over the last quarter. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

TDG has been the topic of a number of research reports. UBS Group upped their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Susquehanna upped 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 research note on Wednesday, April 2nd. 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 research report on Thursday, April 17th. 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 report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,490.20.

TransDigm Group Trading Down 0.8%

Shares of TDG stock opened at $1,428.97 on Wednesday. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The stock has a market cap of $80.26 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 2.76 and a beta of 1.09. The stock has a 50-day moving average of $1,364.67 and a 200-day moving average of $1,325.91.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion during 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 company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.99 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.

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