8,800 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Lynwood Price Capital Management LP

Lynwood Price Capital Management LP acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,800 shares of the aerospace company's stock, valued at approximately $11,152,000. TransDigm Group accounts for approximately 7.7% of Lynwood Price Capital Management LP's holdings, making the stock its 7th biggest holding.

A number of other hedge funds have also bought and sold shares of TDG. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of TransDigm Group by 7.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after purchasing an additional 1,086 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $1,476,000. Triasima Portfolio Management inc. bought a new stake in TransDigm Group in the 4th quarter valued at about $911,000. Finally, HighTower Advisors LLC raised its stake in TransDigm Group by 82.9% during the 3rd quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company's stock worth $21,663,000 after buying an additional 6,895 shares during the period. Institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Up 0.8 %

TransDigm Group stock traded up $10.03 during trading on Wednesday, hitting $1,241.78. The stock had a trading volume of 123,837 shares, compared to its average volume of 247,426. The stock's 50 day moving average is $1,337.88 and its two-hundred day moving average is $1,326.41. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm's 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 transaction, the director now owns 21,548 shares of the company's stock, 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 valued at $165,646,468 over the last quarter. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company cut their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,471.78.

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.