Rheos Capital Works Inc. Acquires 6,900 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rheos Capital Works Inc. grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 85.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the aerospace company's stock after acquiring an additional 6,900 shares during the period. TransDigm Group accounts for 1.7% of Rheos Capital Works Inc.'s holdings, making the stock its 22nd largest position. Rheos Capital Works Inc.'s holdings in TransDigm Group were worth $20,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in TransDigm Group in the 4th quarter worth about $32,000. Meeder Asset Management Inc. boosted 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 valued at $39,000 after purchasing an additional 21 shares during the period. Golden State Wealth Management LLC bought a new stake in TransDigm Group in the 4th quarter valued at about $73,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth approximately $74,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TDG. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Susquehanna raised their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company upped their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial cut their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group upped their price target 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,505.23.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,713 shares of company stock worth $127,463,457 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

Shares of TDG traded down $6.10 during trading hours on Monday, hitting $1,459.79. 176,938 shares of the stock were exchanged, compared to its average volume of 261,994. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The business has a 50-day moving average of $1,383.93 and a 200-day moving average of $1,338.13. The firm has a market capitalization of $81.99 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.99 EPS. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.