Tiptree Advisors LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Tiptree Advisors LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 200 shares of the aerospace company's stock, valued at approximately $253,000. TransDigm Group accounts for approximately 0.3% of Tiptree Advisors LLC's portfolio, making the stock its 19th biggest holding.

Other hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC increased its position in TransDigm Group by 200.0% in 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 last quarter. Meeder Asset Management Inc. increased its position in TransDigm Group by 210.0% in 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 last quarter. CENTRAL TRUST Co increased its position in TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after buying an additional 42 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of TransDigm Group in the fourth quarter valued at $73,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of TransDigm Group in the fourth quarter valued at $74,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction dated 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 transaction, the director now owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated 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 owns 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,713 shares of company stock valued at $208,099,857. Insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Truist Financial reduced their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, UBS Group lifted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,492.36.

TransDigm Group Price Performance

TDG stock traded up $7.51 during mid-day trading on Friday, hitting $1,468.19. 374,966 shares of the stock were exchanged, compared to its average volume of 262,428. The business has a fifty day moving average price of $1,377.21 and a 200 day moving average price of $1,331.12. 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 capitalization of $82.46 billion, a price-to-earnings ratio of 51.79, a PEG ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company posted $7.99 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.