Tidal Investments LLC Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Tidal Investments LLC raised its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 993.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,216 shares of the aerospace company's stock after buying an additional 13,824 shares during the quarter. Tidal Investments LLC's holdings in TransDigm Group were worth $19,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TDG. Capital Advisors Ltd. LLC raised its stake in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont raised its stake in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the period. Meeder Asset Management Inc. raised its stake in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the period. Sachetta LLC raised its stake in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of TransDigm Group by 280.0% during the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after purchasing an additional 42 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group boosted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Northcoast Research upgraded 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 boosted 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. Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Truist Financial reduced their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,490.20.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. This represents a 71.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,713 shares of company stock worth $212,068,917. 4.09% of the stock is currently owned by insiders.

TransDigm Group Stock Down 1.5%

Shares of TransDigm Group stock traded down $21.72 during trading on Wednesday, hitting $1,407.85. 170,603 shares of the stock traded hands, compared to its average volume of 259,911. The stock has a market cap of $79.07 billion, a price-to-earnings ratio of 49.66, a PEG ratio of 2.76 and a beta of 1.09. The firm's fifty day moving average is $1,365.89 and its 200-day moving average is $1,326.48. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The firm 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%. The company's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $7.99 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.