Bessemer Group Inc. Buys 521 Shares of Transdigm Group Incorporated (NYSE:TDG)

Bessemer Group Inc. lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,658 shares of the aerospace company's stock after purchasing an additional 521 shares during the period. Bessemer Group Inc.'s holdings in Transdigm Group were worth $3,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TDG. Bruce G. Allen Investments LLC increased its position in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Transdigm Group in the 4th quarter worth about $32,000. Meeder Asset Management Inc. increased its holdings in Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Transdigm Group during the fourth quarter valued at about $74,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Transdigm Group during the fourth quarter valued at about $77,000. Institutional investors own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of the firm'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 directly owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the sale, the director now owns 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,149 shares of company stock valued at $202,651,767. Insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TDG shares. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Truist Financial reduced their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group increased their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company raised their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,532.47.

Transdigm Group Price Performance

Shares of NYSE:TDG traded up $31.07 on Friday, hitting $1,502.93. The company's stock had a trading volume of 391,935 shares, compared to its average volume of 261,626. The company has a market capitalization of $84.42 billion, a PE ratio of 50.74, a PEG ratio of 3.20 and a beta of 1.05. The company has a 50-day simple moving average of $1,424.74 and a 200 day simple moving average of $1,356.62. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,503.15.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm posted $7.99 earnings per share. Transdigm Group's quarterly revenue was up 12.0% 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.

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.