Miura Global Management LLC Sells 500 Shares of TransDigm Group Incorporated (NYSE:TDG)

Miura Global Management LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the aerospace company's stock after selling 500 shares during the period. TransDigm Group makes up approximately 2.1% of Miura Global Management LLC's investment portfolio, making the stock its 19th largest holding. Miura Global Management LLC's holdings in TransDigm Group were worth $1,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont lifted its holdings in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares in the last quarter. Sachetta LLC lifted its holdings in shares of TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after purchasing an additional 42 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,762,872. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of the company'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 value of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 150,485 shares of company stock valued at $208,214,992. 4.09% of the stock is owned by insiders.

TransDigm Group Price Performance

NYSE TDG traded up $16.66 during trading on Friday, reaching $1,422.28. 268,942 shares of the company's stock were exchanged, compared to its average volume of 259,965. The business has a 50 day moving average price of $1,358.42 and a 200-day moving average price of $1,323.54. The stock has a market capitalization of $79.89 billion, a P/E ratio of 50.17, a PEG 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.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates 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 42.87% and a net margin of 20.76%. The business's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.99 earnings per share. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TDG shares. Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. 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 report on Wednesday, April 2nd. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, UBS Group boosted their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus 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.