Tower Research Capital LLC TRC Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Tower Research Capital LLC TRC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 105.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,348 shares of the aerospace company's stock after acquiring an additional 1,204 shares during the quarter. Tower Research Capital LLC TRC's holdings in TransDigm Group were worth $2,976,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Resonant Capital Advisors LLC grew 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 purchasing an additional 8 shares in the last quarter. Quent Capital LLC grew its holdings in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after acquiring an additional 8 shares in the last quarter. Lindbrook Capital LLC increased its position 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 acquiring an additional 8 shares during the last quarter. CX Institutional raised its holdings in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after acquiring an additional 9 shares in the last quarter. Finally, Western Financial Corp CA boosted its position in TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TDG. Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. 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. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Wells Fargo & Company cut their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is owned by company insiders.

TransDigm Group Price Performance

NYSE TDG traded up $15.36 during trading hours on Thursday, reaching $1,367.36. 210,296 shares of the company's stock traded hands, compared to its average volume of 255,336. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The firm has a 50-day simple moving average of $1,337.20 and a 200 day simple moving average of $1,320.39. The firm has a market cap of $76.69 billion, a PE ratio of 48.23, a PEG ratio of 2.76 and a beta of 1.08.

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

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.