Transdigm Group Incorporated $TDG Shares Bought by Triple Frond Partners LLC

Key Points

• Triple Frond Partners LLC increased its stake in Transdigm Group by 15.5%, owning 92,144 shares valued at approximately $127.5 million, making it the firm's second-largest position.
• Multiple institutional investors significantly boosted their positions in Transdigm Group, with GAMMA Investing LLC raising its stake by an astonishing 177,412.3%.
• Analyst ratings for Transdigm Group show a consensus rating of "Moderate Buy" with an average price target of $1,624.69, reflecting optimistic sentiment despite a recent earnings miss.

Triple Frond Partners LLC lifted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,144 shares of the aerospace company's stock after acquiring an additional 12,390 shares during the period. Transdigm Group accounts for approximately 17.2% of Triple Frond Partners LLC's holdings, making the stock its 2nd biggest position. Triple Frond Partners LLC owned approximately 0.16% of Transdigm Group worth $127,462,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TDG. GAMMA Investing LLC lifted its stake in shares of Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares during the period. Nuveen LLC acquired a new stake in Transdigm Group during the first quarter valued at approximately $168,048,000. Vanguard Group Inc. lifted its stake in Transdigm Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Transdigm Group by 24.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after purchasing an additional 67,151 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Transdigm Group by 51.2% during the fourth quarter. Deutsche Bank AG now owns 193,042 shares of the aerospace company's stock valued at $244,638,000 after purchasing an additional 65,388 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on TDG shares. Stifel Nicolaus started coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Wells Fargo & Company increased their target price on shares of 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. UBS Group increased their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. KeyCorp cut their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, Morgan Stanley increased their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Price Performance

TDG stock opened at $1,390.57 on Tuesday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The company's 50 day simple moving average is $1,501.76 and its 200-day simple moving average is $1,414.06. The firm has a market capitalization of $78.36 billion, a P/E ratio of 46.15, a P/E/G ratio of 2.87 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.00 EPS. Sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,172 shares of company stock worth $89,692,367 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

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.

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