Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,056 shares of the aerospace company's stock after selling 443 shares during the quarter. Victory Capital Management Inc.'s holdings in Transdigm Group were worth $26,360,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Norges Bank bought a new stake in shares of Transdigm Group during the fourth quarter valued at about $973,353,000. Edgewood Management LLC bought a new stake in shares of Transdigm Group during the fourth quarter valued at about $399,595,000. JPMorgan Chase & Co. raised its stake in shares of Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Transdigm Group by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after purchasing an additional 159,839 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. 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 report on Wednesday, April 9th. UBS Group raised their target price on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. KeyCorp upped their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Truist Financial upped their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Susquehanna upped their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Price Performance

TDG opened at $1,584.32 on Tuesday. The business has a fifty day simple moving average of $1,471.71 and a 200 day simple moving average of $1,385.60. The company has a market capitalization of $88.99 billion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,611.89.

Transdigm Group (NYSE:TDG - Get Free Report) last released 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. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.99 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 49,241 shares of the company'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 sale, the director owned 21,548 shares in the company, valued at $31,801,615.80. This represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. The trade was a 48.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,113 shares of company stock worth $168,625,811. Company insiders own 4.09% of the company's stock.

About Transdigm Group

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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