Lighthouse Investment Partners LLC Invests $634,000 in TransDigm Group Incorporated (NYSE:TDG)

Lighthouse Investment Partners LLC acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 500 shares of the aerospace company's stock, valued at approximately $634,000.

A number of other large investors also recently modified their holdings of TDG. Norges Bank bought a new stake in TransDigm Group during the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC grew its holdings in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Edgewood Management LLC bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $399,595,000. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Up 1.2%

TDG stock traded up $16.66 during midday trading on Friday, hitting $1,422.28. The company's stock had a trading volume of 268,942 shares, compared to its average volume of 260,162. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,488.54. The firm has a market capitalization of $79.89 billion, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The company has a 50 day moving average of $1,360.42 and a two-hundred day moving average of $1,324.09.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.99 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,762,872. This represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 150,485 shares of company stock valued at $208,214,992 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDG. Northcoast Research raised 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. Truist Financial lowered 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 report on Thursday, April 17th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group lifted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Susquehanna boosted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,490.20.

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.