Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Bluegrass Capital Partners LP

Key Points

• Bluegrass Capital Partners LP reduced its stake in Transdigm Group by 13.0%, owning 10,000 shares after selling 1,500 during Q1, which comprises about 11.9% of its portfolio.
• Transdigm Group has seen multiple analysts upgrade their price targets, with Susquehanna now at $1,600 and Citigroup at $1,795, suggesting a consensus rating of "Moderate Buy."
• The company's recent earnings report showed a quarterly EPS of $9.60, missing estimates, although revenue increased 9.3% year-over-year, reaching $2.24 billion.

Bluegrass Capital Partners LP decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the aerospace company's stock after selling 1,500 shares during the quarter. Transdigm Group accounts for approximately 11.9% of Bluegrass Capital Partners LP's holdings, making the stock its 5th largest holding. Bluegrass Capital Partners LP's holdings in Transdigm Group were worth $13,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC grew its holdings in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its holdings in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the 4th quarter valued at about $32,000. Wayfinding Financial LLC bought a new position in Transdigm Group during the first quarter worth about $75,000. Finally, CVA Family Office LLC grew its holdings in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling

In other news, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction that occurred 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 completion of the sale, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock valued at $100,747,061 in the last quarter. Corporate insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on TDG. UBS Group lifted their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday. Truist Financial lifted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group lifted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Susquehanna lifted their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,616.86.

Transdigm Group Trading Down 2.6%

Shares of NYSE:TDG traded down $36.61 during trading on Friday, reaching $1,392.54. 433,017 shares of the stock were exchanged, compared to its average volume of 334,686. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock has a 50-day moving average price of $1,507.43 and a 200-day moving average price of $1,411.00. The firm has a market cap of $78.47 billion, a PE ratio of 46.22, a PEG ratio of 2.81 and a beta of 1.07.

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