Cinctive Capital Management LP Invests $9.29 Million in TransDigm Group Incorporated (NYSE:TDG)

Cinctive Capital Management LP purchased a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,329 shares of the aerospace company's stock, valued at approximately $9,288,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Huntington National Bank increased its position in TransDigm Group by 14.9% during the 4th quarter. Huntington National Bank now owns 894 shares of the aerospace company's stock valued at $1,133,000 after purchasing an additional 116 shares during the period. Kesler Norman & Wride LLC bought a new stake in shares of TransDigm Group in the 4th quarter valued at $375,000. Meeder Advisory Services Inc. increased its position in shares of TransDigm Group by 5.1% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,062 shares of the aerospace company's stock worth $1,346,000 after buying an additional 52 shares during the period. Geode Capital Management LLC raised its stake in TransDigm Group by 14.1% during the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock worth $1,636,409,000 after buying an additional 159,839 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in TransDigm Group by 10.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 412 shares of the aerospace company's stock worth $561,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,480.12.

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TransDigm Group Trading Down 0.7 %

Shares of TDG traded down $9.12 on Monday, reaching $1,228.73. 267,164 shares of the company's stock traded hands, compared to its average volume of 263,803. The stock's 50 day simple moving average is $1,343.93 and its two-hundred day simple moving average is $1,329.32. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The stock has a market cap of $68.91 billion, a PE ratio of 43.21, a PEG ratio of 2.76 and a beta of 1.08.

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

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,896,144. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock worth $165,646,468 over the last three months. 4.09% of the stock is currently owned by insiders.

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.