Mainstay Capital Management LLC ADV Buys 438 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mainstay Capital Management LLC ADV grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,145 shares of the aerospace company's stock after buying an additional 438 shares during the quarter. TransDigm Group accounts for about 0.4% of Mainstay Capital Management LLC ADV's investment portfolio, making the stock its 15th biggest position. Mainstay Capital Management LLC ADV's holdings in TransDigm Group were worth $2,718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. First Personal Financial Services purchased a new position in TransDigm Group in the 3rd quarter worth $29,000. Erste Asset Management GmbH acquired a new stake in TransDigm Group in the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC lifted its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont raised its position 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 valued at $32,000 after buying an additional 15 shares during the period. Finally, Versant Capital Management Inc raised its position 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 valued at $33,000 after buying an additional 18 shares during the period. Institutional investors own 95.78% of the company's stock.

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TransDigm Group Trading Up 1.2 %

TDG stock traded up $15.45 on Thursday, hitting $1,348.25. 156,240 shares of the company's stock traded hands, compared to its average volume of 257,285. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The stock has a fifty day moving average of $1,310.51 and a 200-day moving average of $1,322.54. The stock has a market cap of $75.62 billion, a price-to-earnings ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.16 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction on 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. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,647 shares of company stock worth $155,847,223. 4.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TDG. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Truist Financial upped their price objective on shares of 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. Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,472.47.

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.