Catalyst Funds Management Pty Ltd Purchases New Stake in TransDigm Group Incorporated (NYSE:TDG)

Catalyst Funds Management Pty Ltd bought a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 200 shares of the aerospace company's stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of TDG. Oppenheimer & Co. Inc. increased its position in shares of TransDigm Group by 0.9% during the third quarter. Oppenheimer & Co. Inc. now owns 1,803 shares of the aerospace company's stock worth $2,573,000 after acquiring an additional 16 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after acquiring an additional 644 shares in the last quarter. Swiss National Bank increased its position in shares of TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after acquiring an additional 1,400 shares in the last quarter. Quest Partners LLC grew its position in TransDigm Group by 66.7% in the third quarter. Quest Partners LLC now owns 2,117 shares of the aerospace company's stock valued at $3,021,000 after purchasing an additional 847 shares in the last quarter. Finally, Investidor Profissional Gestao de Recursos Ltda. grew its position in TransDigm Group by 46.2% in the third quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 9,686 shares of the aerospace company's stock valued at $13,823,000 after purchasing an additional 3,060 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

TDG has been the subject of a number of analyst reports. 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 report on Thursday, January 2nd. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,472.47.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $11.42 during midday trading on Thursday, hitting $1,359.90. 189,752 shares of the company traded hands, compared to its average volume of 231,542. The stock has a market cap of $76.27 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 2.76 and a beta of 1.38. The firm's fifty day moving average price is $1,331.97 and its 200-day moving average price is $1,327.33. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

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

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,594 shares of company stock valued at $165,337,618. 4.09% of the stock is owned by 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.