TransDigm Group Incorporated (NYSE:TDG) Position Lowered by Triple Frond Partners LLC

Triple Frond Partners LLC lessened its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,754 shares of the aerospace company's stock after selling 2,919 shares during the quarter. TransDigm Group accounts for 13.1% of Triple Frond Partners LLC's investment portfolio, making the stock its 5th biggest position. Triple Frond Partners LLC owned 0.14% of TransDigm Group worth $101,071,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Erste Asset Management GmbH bought a new stake in TransDigm Group during the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC grew its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc boosted its position in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Finally, Sachetta LLC grew its stake in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

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Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 over the last 90 days. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,477.18.

TransDigm Group Stock Performance

NYSE TDG traded down $7.04 during trading on Friday, reaching $1,377.22. The company's stock had a trading volume of 272,911 shares, compared to its average volume of 242,075. The business's fifty day moving average price is $1,343.19 and its 200-day moving average price is $1,329.72. 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 cap of $77.24 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.