Clare Market Investments LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Clare Market Investments LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 635 shares of the aerospace company's stock, valued at approximately $805,000.

Several other large investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance purchased a new stake in TransDigm Group in the 4th quarter worth about $354,000. Johnson Investment Counsel Inc. grew its holdings in TransDigm Group by 64.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 310 shares of the aerospace company's stock valued at $393,000 after buying an additional 122 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in TransDigm Group by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,469 shares of the aerospace company's stock valued at $9,465,000 after buying an additional 531 shares in the last quarter. FWG Holdings LLC grew its holdings in TransDigm Group by 3.0% during the 4th quarter. FWG Holdings LLC now owns 373 shares of the aerospace company's stock valued at $505,000 after buying an additional 11 shares in the last quarter. Finally, Isthmus Partners LLC purchased a new position in TransDigm Group during the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

In related news, Director Robert J. Small sold 38,053 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,647 shares of company stock valued at $236,483,623. Insiders own 4.09% of the company's stock.

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TransDigm Group Price Performance

TransDigm Group stock traded up $6.64 during mid-day trading on Wednesday, hitting $1,326.51. The company's stock had a trading volume of 343,209 shares, compared to its average volume of 260,428. The stock has a market cap of $74.40 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a 50 day moving average price of $1,323.34 and a 200-day moving average price of $1,326.99. TransDigm Group Incorporated has a 12 month low of $1,163.82 and a 12 month high of $1,451.32.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup lifted their price target on 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. Finally, Truist Financial upped their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,472.47.

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.