Townsquare Capital LLC Boosts Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Townsquare Capital LLC increased its stake in Transdigm Group by 14.5%, owning approximately $6.9 million worth of shares after purchasing 632 additional shares in the first quarter.
• In recent insider activity, CFO Sarah Wynne sold 3,200 shares, resulting in a 48.48% decrease in her ownership of Transdigm stock, while COO Joel Reiss sold 3,000 shares, decreasing his position by 45.45%.
• The Transdigm Group's stock price has dipped 2.6% recently, currently trading around $1,392.54, and it reported an EPS of $9.60 for the last quarter, which missed estimates by $0.15.

Townsquare Capital LLC increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,993 shares of the aerospace company's stock after purchasing an additional 632 shares during the period. Townsquare Capital LLC's holdings in Transdigm Group were worth $6,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Vanguard Group Inc. boosted its stake in shares of Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the last quarter. Capital World Investors lifted its stake in shares of Transdigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after buying an additional 155,541 shares in the last quarter. Capital Research Global Investors boosted its position in Transdigm Group by 4.8% during the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after acquiring an additional 87,309 shares during the last quarter. GAMMA Investing LLC boosted its position in Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares during the last quarter. Finally, Windacre Partnership LLC grew its stake in Transdigm Group by 3.6% during the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after acquiring an additional 25,997 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at $4,937,310. This represents a 48.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at $5,163,660. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,872 shares of company stock worth $100,747,061. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 2.6%

NYSE TDG opened at $1,392.54 on Friday. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a 50 day moving average of $1,507.43 and a two-hundred day moving average of $1,411.00. The stock has a market capitalization of $78.47 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 2.81 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm posted $9.00 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna raised their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. KeyCorp decreased their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group increased their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,616.86.

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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