Anabranch Capital Management LP Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Anabranch Capital Management LP decreased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 26.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,673 shares of the aerospace company's stock after selling 8,120 shares during the quarter. TransDigm Group comprises about 17.1% of Anabranch Capital Management LP's holdings, making the stock its 2nd largest position. Anabranch Capital Management LP's holdings in TransDigm Group were worth $28,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its stake in shares of TransDigm Group by 2.1% during the 4th quarter. OneDigital Investment Advisors LLC now owns 690 shares of the aerospace company's stock valued at $874,000 after acquiring an additional 14 shares during the last quarter. State of Tennessee Department of Treasury increased its position in TransDigm Group by 2.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 23,460 shares of the aerospace company's stock worth $29,730,000 after purchasing an additional 560 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in TransDigm Group by 3.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,905 shares of the aerospace company's stock worth $6,211,000 after purchasing an additional 154 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of TransDigm Group by 105.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,348 shares of the aerospace company's stock valued at $2,976,000 after purchasing an additional 1,204 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of TransDigm Group by 5.8% during the 4th quarter. MML Investors Services LLC now owns 5,521 shares of the aerospace company's stock valued at $6,997,000 after buying an additional 301 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TDG. Barclays restated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northcoast Research upgraded shares of 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. Finally, StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday. Five equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company'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 completion of the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock worth $167,450,256 in the last three months. 4.09% of the stock is owned by company insiders.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $10.20 on Friday, reaching $1,378.22. 199,111 shares of the company were exchanged, compared to its average volume of 255,203. The firm has a market cap of $77.30 billion, a price-to-earnings ratio of 48.61, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company's 50-day moving average is $1,338.78 and its two-hundred day moving average is $1,320.41.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate 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 net margin of 20.76% and a negative return on equity of 42.87%. The company's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.16 earnings per share. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.