Gallo Partners LP Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Gallo Partners LP acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,693 shares of the aerospace company's stock, valued at approximately $2,146,000. TransDigm Group comprises 1.6% of Gallo Partners LP's holdings, making the stock its 29th biggest holding.

Several other hedge funds have also added to or reduced their stakes in TDG. Capital Advisors Ltd. LLC boosted its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Sachetta LLC lifted its position in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $14.20 during mid-day trading on Friday, reaching $1,448.39. 384,994 shares of the company traded hands, compared to its average volume of 256,402. The company's 50 day moving average price is $1,348.86 and its 200-day moving average price is $1,321.33. The firm has a market cap of $81.23 billion, a PE ratio of 51.09, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,467.07.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.16 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, April 15th. The shares were 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 of the company's stock, valued at $29,010,072.40. This represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,894 shares of company stock worth $167,450,256. Corporate insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial decreased their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

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.