Whitford Management LLC Buys 11,952 Shares of TransDigm Group Incorporated (NYSE:TDG)

Whitford Management LLC increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 502.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,331 shares of the aerospace company's stock after purchasing an additional 11,952 shares during the period. TransDigm Group makes up approximately 4.9% of Whitford Management LLC's holdings, making the stock its 5th largest position. Whitford Management LLC's holdings in TransDigm Group were worth $18,162,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Park Avenue Securities LLC raised its holdings in TransDigm Group by 29.9% in the 4th quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company's stock valued at $1,174,000 after acquiring an additional 213 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in TransDigm Group by 45.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 720 shares of the aerospace company's stock valued at $912,000 after acquiring an additional 226 shares in the last quarter. Ritholtz Wealth Management raised its holdings in TransDigm Group by 14.5% in the 4th quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company's stock valued at $251,000 after acquiring an additional 25 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in TransDigm Group by 17.8% in the 4th quarter. Merit Financial Group LLC now owns 583 shares of the aerospace company's stock valued at $739,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling

In other TransDigm Group news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director now owns 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,713 shares of company stock worth $208,099,857 in the last three months. Insiders own 4.09% of the company's stock.

TransDigm Group Trading Up 2.0%

NYSE TDG traded up $28.78 during trading hours on Friday, reaching $1,433.93. 430,436 shares of the company's stock were exchanged, compared to its average volume of 261,355. The stock has a market cap of $80.54 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The firm has a fifty day moving average of $1,368.69 and a 200-day moving average of $1,327.40.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The business 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 42.87% and a net margin of 20.76%. TransDigm Group's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.99 EPS. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on TDG shares. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. UBS Group upped their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Truist Financial lowered their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Wells Fargo & Company upped their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,490.20.

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.