Pragma Gestao DE Patrimonio Ltd. Acquires 1,700 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pragma Gestao DE Patrimonio Ltd. increased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,700 shares of the aerospace company's stock after purchasing an additional 1,700 shares during the period. TransDigm Group makes up 9.6% of Pragma Gestao DE Patrimonio Ltd.'s portfolio, making the stock its 5th largest holding. Pragma Gestao DE Patrimonio Ltd.'s holdings in TransDigm Group were worth $17,362,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC grew its stake in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC grew its stake in TransDigm Group by 6.5% in 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 in the last quarter. Lindbrook Capital LLC increased its holdings in TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares during the period. CX Institutional raised its position in TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares in the last quarter. Finally, Western Financial Corp CA lifted its holdings in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors.

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TransDigm Group Stock Up 0.3 %

Shares of NYSE:TDG traded up $4.79 during midday trading on Monday, reaching $1,381.99. The company's stock had a trading volume of 83,204 shares, compared to its average volume of 241,452. The stock has a fifty day moving average of $1,343.19 and a 200 day moving average of $1,329.73. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The firm has a market capitalization of $77.51 billion, a PE ratio of 48.75, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued 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. 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 the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 earnings per share. The company's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $7,095,925.44. Following the transaction, the director now 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. In the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. 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 report on Monday, February 24th. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial boosted their price target on 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. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,477.18.

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.