35,749 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,749 shares of the aerospace company's stock, valued at approximately $45,304,000. Freestone Grove Partners LP owned about 0.06% of TransDigm Group at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC grew its holdings in TransDigm Group by 5.0% during the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock worth $1,309,000 after acquiring an additional 44 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $618,000. Franklin Resources Inc. increased its holdings in shares of TransDigm Group by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock valued at $290,151,000 after purchasing an additional 4,442 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of TransDigm Group in the 3rd quarter valued at $716,000. Finally, JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered 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 note on Thursday, April 17th. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Susquehanna upped their price objective on shares of 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. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. The trade was a 69.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,135 shares of company stock worth $240,122,586. Insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

TDG traded down $81.04 during trading hours on Tuesday, reaching $1,391.59. The company's stock had a trading volume of 266,065 shares, compared to its average volume of 257,781. The stock has a market cap of $78.05 billion, a PE ratio of 49.09, a P/E/G ratio of 2.76 and a beta of 1.09. 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's 50-day moving average is $1,351.72 and its 200-day moving average is $1,320.86.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) 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 analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.99 EPS. Analysts expect 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.