XTX Topco Ltd Raises Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• XTX Topco Ltd has significantly increased its stake in Transdigm Group Incorporated by 688.3%, now owning 3,579 shares valued at approximately $4.95 million.
• Several analysts have shown confidence in Transdigm, with many issuing a "buy" rating and raising the target price, indicating strong market interest in the aerospace company.
• Transdigm's latest quarterly earnings report revealed a 12% increase in revenue year-over-year, with an EPS of $9.11, surpassing analysts' expectations.

XTX Topco Ltd grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 688.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,579 shares of the aerospace company's stock after acquiring an additional 3,125 shares during the quarter. XTX Topco Ltd's holdings in Transdigm Group were worth $4,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. Bruce G. Allen Investments LLC boosted its position in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Transdigm Group during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. lifted its position in shares of Transdigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Transdigm Group during the 1st quarter valued at about $75,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,163,660. The trade was a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,113 shares of company stock worth $173,419,391. Company insiders own 4.09% of the company's stock.

Transdigm Group Trading Down 1.6%

Shares of NYSE TDG traded down $25.70 during trading hours on Friday, hitting $1,582.76. 322,169 shares of the company traded hands, compared to its average volume of 205,673. The stock has a market capitalization of $88.90 billion, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. The company's 50 day moving average price is $1,507.98 and its 200 day moving average price is $1,406.48. Transdigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,623.82.

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 the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for 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 for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.99 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDG. The Goldman Sachs Group lifted their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Truist Financial lifted their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group lifted their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. KeyCorp lifted their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

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.