TransDigm Group Incorporated (NYSE:TDG) Stock Position Decreased by Nicholas Investment Partners LP

Nicholas Investment Partners LP lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,936 shares of the aerospace company's stock after selling 284 shares during the quarter. Nicholas Investment Partners LP's holdings in TransDigm Group were worth $8,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. JPMorgan Chase & Co. raised its stake 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 valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Czech National Bank raised its stake in TransDigm Group by 6.7% during the fourth quarter. Czech National Bank now owns 12,192 shares of the aerospace company's stock valued at $15,451,000 after buying an additional 762 shares in the last quarter. Wedmont Private Capital raised its stake in TransDigm Group by 2.3% during the fourth quarter. Wedmont Private Capital now owns 763 shares of the aerospace company's stock valued at $963,000 after buying an additional 17 shares in the last quarter. Eastern Bank raised its stake in TransDigm Group by 1,460.0% during the fourth quarter. Eastern Bank now owns 78 shares of the aerospace company's stock valued at $99,000 after buying an additional 73 shares in the last quarter. Finally, Tuttle Capital Management LLC raised its stake in TransDigm Group by 34.8% during the fourth quarter. Tuttle Capital Management LLC now owns 341 shares of the aerospace company's stock valued at $432,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TDG. Susquehanna increased their price target on 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. UBS Group increased their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Truist Financial dropped their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,490.20.

TransDigm Group Stock Performance

Shares of TDG stock traded up $16.66 during mid-day trading on Friday, hitting $1,422.28. 268,942 shares of the stock traded hands, compared to its average volume of 259,965. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a market cap 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's 50-day simple moving average is $1,360.42 and its 200-day simple moving average is $1,324.14.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the firm earned $7.99 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. Analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,485 shares of company stock worth $208,214,992. 4.09% of the stock is owned by company insiders.

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.