TransDigm Group Incorporated (NYSE:TDG) Position Boosted by Vulcan Value Partners LLC

Vulcan Value Partners LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 235,740 shares of the aerospace company's stock after acquiring an additional 40,624 shares during the period. TransDigm Group makes up 5.0% of Vulcan Value Partners LLC's investment portfolio, making the stock its 9th largest position. Vulcan Value Partners LLC owned about 0.42% of TransDigm Group worth $298,681,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of TransDigm Group in the fourth quarter worth $973,353,000. Proficio Capital Partners LLC lifted its stake in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC purchased a new stake in shares of TransDigm Group in the fourth quarter worth about $399,595,000. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after buying an additional 185,422 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 0.3 %

NYSE:TDG traded up $3.66 during mid-day trading on Wednesday, hitting $1,411.55. The stock had a trading volume of 217,538 shares, compared to its average volume of 187,682. The company has a 50 day simple moving average of $1,341.77 and a 200-day simple moving average of $1,320.12. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of 49.79, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,325.00 and a 52 week high of $1,420.00.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial decreased 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. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. 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 research report on Wednesday, April 9th. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,300 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. This represents a 47.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the transaction, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. This trade represents a 19.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,894 shares of company stock worth $167,450,256 over the last ninety days. Company 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.