Numerai GP LLC Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

Numerai GP LLC increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 464.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 818 shares of the aerospace company's stock after purchasing an additional 673 shares during the quarter. Numerai GP LLC's holdings in TransDigm Group were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TDG. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% in 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 during the last quarter. Trust Co. of Vermont increased its holdings in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Sachetta LLC lifted its holdings in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of TransDigm Group by 280.0% during the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group boosted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. 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 report on Wednesday, April 9th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Five 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, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

TransDigm Group Price Performance

Shares of NYSE TDG traded down $8.18 during mid-day trading on Tuesday, hitting $1,431.82. The company had a trading volume of 75,053 shares, compared to its average volume of 259,318. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The company has a market capitalization of $80.42 billion, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The business's 50-day simple moving average is $1,362.67 and its 200 day simple moving average is $1,325.19.

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

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,013 shares of company stock worth $201,014,223. Insiders own 4.09% of the company's stock.

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.