Titan Global Capital Management USA LLC Sells 516 Shares of TransDigm Group Incorporated (NYSE:TDG)

Titan Global Capital Management USA LLC trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,774 shares of the aerospace company's stock after selling 516 shares during the period. TransDigm Group comprises approximately 4.4% of Titan Global Capital Management USA LLC's holdings, making the stock its 8th largest holding. Titan Global Capital Management USA LLC's holdings in TransDigm Group were worth $28,861,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TDG. Resonant Capital Advisors LLC boosted its position in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC grew its holdings in shares of TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after buying an additional 8 shares in the last quarter. CX Institutional increased its stake in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA raised its holdings in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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TransDigm Group Price Performance

NYSE:TDG traded up $21.24 on Monday, hitting $1,334.33. 337,706 shares of the company's stock were exchanged, compared to its average volume of 251,072. The firm has a 50-day moving average price of $1,335.18 and a 200-day moving average price of $1,323.45. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a market cap of $74.84 billion, a P/E ratio of 47.07, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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 the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.16 earnings per share. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TDG. Barclays reaffirmed 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 TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial increased 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 report on Tuesday, January 14th. Five 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, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,471.78.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on 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 completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,594 shares of company stock valued at $140,302,268 in the last quarter. 4.09% of the stock is currently owned by insiders.

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.