Semanteon Capital Management LP Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Semanteon Capital Management LP purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 676 shares of the aerospace company's stock, valued at approximately $684,000.

Several other institutional investors have also recently made changes to their positions in TDG. Vanguard Group Inc. grew its stake in TransDigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company's stock valued at $4,977,008,000 after purchasing an additional 104,433 shares during the last quarter. Deutsche Bank AG grew its stake in TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock valued at $2,859,376,000 after purchasing an additional 3,225,771 shares during the last quarter. FMR LLC grew its stake in TransDigm Group by 9.0% in the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company's stock valued at $1,392,355,000 after purchasing an additional 136,834 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock valued at $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Finally, Morgan Stanley grew its stake in TransDigm Group by 0.8% in the third quarter. Morgan Stanley now owns 650,127 shares of the aerospace company's stock valued at $548,144,000 after purchasing an additional 4,989 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

NYSE:TDG traded up $2.57 during trading hours on Friday, reaching $1,259.15. The company had a trading volume of 139,583 shares, compared to its average volume of 207,107. TransDigm Group Incorporated has a 1-year low of $745.65 and a 1-year high of $1,269.51. The firm has a market cap of $70.02 billion, a PE ratio of 53.44, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42. The business's 50 day moving average price is $1,200.78 and its 200-day moving average price is $1,057.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $4.15 earnings per share. TransDigm Group's revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 over the last three months. 4.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on TDG. Royal Bank of Canada lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Susquehanna raised their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Citigroup raised their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Barclays raised their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an "overweight" rating in a report on Monday, February 12th. Finally, Truist Financial raised their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,170.27.

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.

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