Petros Family Wealth LLC Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Petros Family Wealth LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 249 shares of the aerospace company's stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of TransDigm Group during the 4th quarter valued at approximately $911,000. Chicago Capital LLC boosted its stake in shares of TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after acquiring an additional 261 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after acquiring an additional 385 shares in the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of TransDigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after acquiring an additional 599 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. Truist Financial boosted 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. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Susquehanna lifted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,469.83.

Remove Ads

TransDigm Group Stock Up 1.7 %

Shares of TDG stock traded up $22.97 during trading hours on Tuesday, hitting $1,360.10. 575,480 shares of the company were exchanged, compared to its average volume of 252,635. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a fifty day moving average of $1,336.02 and a 200 day moving average of $1,322.97. The firm has a market cap of $76.28 billion, a PE ratio of 47.98, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for 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%. TransDigm Group's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $7.16 earnings per share. Analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, 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 sold 130,066 shares of company stock worth $174,261,422 over the last three months. 4.09% of the stock is owned by insiders.

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.