ZEGA Investments LLC Invests $1.03 Million in TransDigm Group Incorporated (NYSE:TDG)

ZEGA Investments LLC bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 764 shares of the aerospace company's stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds have also modified their holdings of TDG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after purchasing an additional 7,947 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares during the period. JPMorgan Chase & Co. grew its position in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Citigroup Inc. grew its position in TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company's stock worth $172,506,000 after buying an additional 32,609 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in TransDigm Group by 7.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after acquiring an additional 1,086 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on TDG. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,477.18.

TransDigm Group Stock Up 0.1 %

TDG traded up $0.72 during midday trading on Wednesday, hitting $1,394.83. 226,348 shares of the company were exchanged, compared to its average volume of 233,042. The firm's 50 day moving average price is $1,339.15 and its 200-day moving average price is $1,328.23. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The firm has a market capitalization of $78.23 billion, a P/E ratio of 49.20, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its 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 business had revenue of $2.01 billion for 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 firm's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.16 earnings per share. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert J. Small sold 40,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the sale, the director now owns 98,185 shares in the company, valued at $132,138,354.85. This represents a 28.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is currently owned by insiders.

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.