Xponance Inc. Acquires 214 Shares of TransDigm Group Incorporated (NYSE:TDG)

Xponance Inc. lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,697 shares of the aerospace company’s stock after buying an additional 214 shares during the period. Xponance Inc.’s holdings in TransDigm Group were worth $7,786,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Private Advisor Group LLC grew its holdings in TransDigm Group by 23.4% during the 1st quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock valued at $628,000 after purchasing an additional 183 shares during the last quarter. Acadian Asset Management LLC grew its holdings in TransDigm Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock valued at $519,000 after purchasing an additional 320 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in TransDigm Group by 99.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock valued at $1,523,000 after purchasing an additional 1,163 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in TransDigm Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock valued at $103,790,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in TransDigm Group by 7.3% during the 1st quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock valued at $19,373,000 after purchasing an additional 2,020 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,187.08 on Friday. The company has a 50 day moving average price of $1,192.72 and a 200-day moving average price of $1,046.08. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The stock has a market capitalization of $66.01 billion, a PE ratio of 50.39, a PEG ratio of 2.47 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $4.15 EPS. The company’s revenue was up 28.1% compared to the same quarter last year. Equities research analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TDG. Royal Bank of Canada upped their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Barclays boosted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,163.27.

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.