Transdigm Group Incorporated (NYSE:TDG) is Ampfield Management L.P.'s Largest Position

Ampfield Management L.P. lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,965 shares of the aerospace company's stock after selling 7,577 shares during the quarter. Transdigm Group comprises approximately 55.3% of Ampfield Management L.P.'s holdings, making the stock its largest holding. Ampfield Management L.P. owned approximately 0.06% of Transdigm Group worth $46,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Proficio Capital Partners LLC increased its holdings in shares of Transdigm Group by 125.9% during the fourth quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company's stock valued at $730,000 after purchasing an additional 321 shares during the period. Independent Advisor Alliance purchased a new stake in Transdigm Group in the 4th quarter worth about $354,000. Farther Finance Advisors LLC lifted its stake in Transdigm Group by 42.2% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the aerospace company's stock worth $337,000 after acquiring an additional 79 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Transdigm Group by 16.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 845 shares of the aerospace company's stock worth $1,071,000 after acquiring an additional 122 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Transdigm Group by 174.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,778 shares of the aerospace company's stock valued at $7,322,000 after buying an additional 3,673 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

TDG stock opened at $1,574.21 on Tuesday. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,574.85. The firm has a market capitalization of $88.42 billion, a PE ratio of 53.15, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. The business has a 50 day simple moving average of $1,455.52 and a 200-day simple moving average of $1,376.68.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $7.99 earnings per share. On average, equities research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the company's 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 transaction of $4,646,880.00. Following the completion of the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,677 shares of company stock worth $168,692,614 over the last three months. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective 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. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Truist Financial increased their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,594.80.

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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