Two Sigma Investments LP Has $2.34 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Two Sigma Investments LP lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 89.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,850 shares of the aerospace company's stock after selling 16,511 shares during the period. Two Sigma Investments LP's holdings in TransDigm Group were worth $2,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Teza Capital Management LLC bought a new position in TransDigm Group during the fourth quarter worth about $269,000. Tidal Investments LLC raised its stake in TransDigm Group by 993.1% during the fourth quarter. Tidal Investments LLC now owns 15,216 shares of the aerospace company's stock worth $19,283,000 after acquiring an additional 13,824 shares in the last quarter. Strive Asset Management LLC bought a new position in shares of TransDigm Group during the fourth quarter valued at $286,000. Toronto Dominion Bank lifted its holdings in TransDigm Group by 20.5% during the 4th quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company's stock valued at $34,630,000 after purchasing an additional 4,651 shares during the last quarter. Finally, Siemens Fonds Invest GmbH boosted its position in TransDigm Group by 7,260.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 51,227 shares of the aerospace company's stock valued at $64,919,000 after buying an additional 50,531 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial reduced 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. Susquehanna lifted their price objective 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. UBS Group raised their target price on shares of 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. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,492.36.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. This represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 149,713 shares of company stock worth $208,099,857 in the last ninety days. Insiders own 4.09% of the company's stock.

TransDigm Group Stock Up 0.4%

TDG traded up $5.26 during trading hours on Wednesday, hitting $1,461.21. 38,995 shares of the company's stock were exchanged, compared to its average volume of 261,334. The stock has a market cap of $82.07 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 2.76 and a beta of 1.09. The stock's 50-day moving average is $1,379.86 and its two-hundred day moving average is $1,333.56. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 EPS. The business's revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

TransDigm Group Company 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.