Linonia Partnership LP Buys New Stake in TransDigm Group Incorporated (NYSE:TDG)

Linonia Partnership LP acquired a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 95,773 shares of the aerospace company's stock, valued at approximately $96,884,000. TransDigm Group makes up approximately 12.8% of Linonia Partnership LP's holdings, making the stock its 4th largest position. Linonia Partnership LP owned approximately 0.17% of TransDigm Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Advisor Group LLC boosted its stake in shares of TransDigm Group by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company's stock worth $628,000 after purchasing an additional 183 shares during the period. Acadian Asset Management LLC raised its holdings in shares of TransDigm Group by 66.7% in the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company's stock valued at $519,000 after purchasing an additional 320 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of TransDigm Group by 99.1% in the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company's stock valued at $1,523,000 after purchasing an additional 1,163 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TransDigm Group by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company's stock valued at $103,790,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of TransDigm Group by 7.3% in the 1st quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company's stock valued at $19,373,000 after purchasing an additional 2,020 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 0.2 %

TDG stock traded down $1.99 during mid-day trading on Monday, hitting $1,233.29. 121,851 shares of the company were exchanged, compared to its average volume of 211,843. The firm has a market capitalization of $68.58 billion, a P/E ratio of 52.43, a PEG ratio of 2.52 and a beta of 1.42. The business has a fifty day simple moving average of $1,172.54 and a 200-day simple moving average of $1,022.60. TransDigm Group Incorporated has a 12-month low of $714.98 and a 12-month high of $1,246.22.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.15 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $21,872,297.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director W Nicholas Howley sold 38,863 shares of the firm's stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $21,872,297.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sarah Wynne sold 5,850 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $1,159.00, for a total transaction of $6,780,150.00. Following the completion of the transaction, the chief financial officer now directly owns 700 shares of the company's stock, valued at approximately $811,300. The disclosure for this sale can be found here. Insiders sold a total of 91,480 shares of company stock valued at $100,102,829 over the last 90 days. 4.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TDG shares. StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, April 1st. Truist Financial boosted their target price on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. The Goldman Sachs Group upped their price objective on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the company a "buy" rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a report on Wednesday, March 27th. Finally, Susquehanna boosted their target price on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a "neutral" rating in a research note on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,137.73.

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.

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