Edgewood Management LLC Purchases New Stake in TransDigm Group Incorporated (NYSE:TDG)

Edgewood Management LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 315,317 shares of the aerospace company's stock, valued at approximately $399,595,000. TransDigm Group makes up 1.1% of Edgewood Management LLC's portfolio, making the stock its 22nd largest position. Edgewood Management LLC owned about 0.56% of TransDigm Group at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TDG. Capital Advisors Ltd. LLC increased its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Sachetta LLC increased its holdings in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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TransDigm Group Stock Up 0.8 %

TransDigm Group stock traded up $9.87 during mid-day trading on Friday, hitting $1,308.07. 82,513 shares of the company were exchanged, compared to its average volume of 249,501. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The business has a fifty day moving average of $1,335.12 and a 200 day moving average of $1,324.78. The company has a market capitalization of $73.36 billion, a PE ratio of 46.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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 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 firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $7.16 EPS. Research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TDG shares. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday. 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 report on Tuesday, January 14th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,471.78.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This 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 in the last three months. Insiders own 4.09% of the company's stock.

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.