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

Miura Global Management LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.0% during the 4th quarter, according to 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 quarter. TransDigm Group accounts for 2.1% of Miura Global Management LLC's portfolio, making the stock its 19th biggest holding. Miura Global Management LLC's holdings in TransDigm Group were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TDG. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at $911,000. Chicago Capital LLC lifted its holdings in shares of TransDigm Group by 0.5% during the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after purchasing an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of TransDigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock valued at $4,202,000 after purchasing an additional 1,553 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of TransDigm Group by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after purchasing an additional 385 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDG. Truist Financial lowered 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. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company increased their target price 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. Susquehanna increased their target price 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. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $72,672,329.85. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at $31,801,615.80. This represents a 69.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 150,485 shares of company stock worth $208,214,992 in the last quarter. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $16.66 during trading on Friday, hitting $1,422.28. 268,942 shares of the company's stock were exchanged, compared to its average volume of 260,162. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The business's 50-day simple moving average is $1,360.42 and its 200 day simple moving average is $1,324.09. The company has a market cap of $79.89 billion, a price-to-earnings ratio of 50.17, a PEG ratio of 2.76 and a beta of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations 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 was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $7.99 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.