TransDigm Group Incorporated (NYSE:TDG) Stock Position Increased by Woodline Partners LP

Woodline Partners LP raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1,269.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,259 shares of the aerospace company's stock after purchasing an additional 2,094 shares during the period. Woodline Partners LP's holdings in TransDigm Group were worth $2,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC increased its position in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC increased its position in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after acquiring an additional 8 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after acquiring an additional 8 shares in the last quarter. CX Institutional increased its position in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after acquiring an additional 9 shares in the last quarter. Finally, Western Financial Corp CA increased its position in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after acquiring an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of several recent research reports. Wells Fargo & Company increased 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 dropped their price objective on shares of 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. Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Finally, UBS Group upped 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. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus 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 firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,163,660. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,010,072.40. The trade was a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,713 shares of company stock worth $208,099,857. 4.09% of the stock is currently owned by insiders.

TransDigm Group Trading Down 0.1%

NYSE TDG traded down $1.21 during trading hours on Friday, reaching $1,459.47. 40,751 shares of the company traded hands, compared to its average volume of 260,634. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The stock has a market capitalization of $81.97 billion, a PE ratio of 51.44, a PEG ratio of 2.76 and a beta of 1.09. The company has a 50 day moving average of $1,375.71 and a two-hundred day moving average of $1,330.34.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm posted $7.99 EPS. The firm'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 earnings per share for the current 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.