7,145 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Dilation Capital Management LP

Dilation Capital Management LP bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,145 shares of the aerospace company's stock, valued at approximately $9,055,000. TransDigm Group accounts for 8.4% of Dilation Capital Management LP's investment portfolio, making the stock its 4th biggest position.

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

TransDigm Group Stock Performance

NYSE:TDG traded up $10.20 during trading hours on Friday, reaching $1,378.22. The company's stock had a trading volume of 199,111 shares, compared to its average volume of 255,202. The firm has a market capitalization of $77.30 billion, a price-to-earnings ratio of 48.61, a PEG ratio of 2.76 and a beta of 1.08. The firm has a 50-day simple moving average of $1,337.20 and a 200-day simple moving average of $1,320.39. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TDG shares. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Finally, Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Five equities research 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.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the transaction, the director now owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,894 shares of company stock valued at $167,450,256. 4.09% of the stock is currently owned by company insiders.

TransDigm Group 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.