Newbridge Financial Services Group Inc. Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Newbridge Financial Services Group Inc. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 71 shares of the aerospace company’s stock, valued at approximately $72,000.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after acquiring an additional 762 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after acquiring an additional 75,784 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of TransDigm Group by 68.2% in the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after acquiring an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in TransDigm Group in the fourth quarter valued at $1,909,000. Finally, Townsquare Capital LLC increased its holdings in TransDigm Group by 4.5% in the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock valued at $2,235,000 after buying an additional 114 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 3 shares of company stock worth $1,690 and sold 100,833 shares worth $131,249,183. 4.96% of the stock is owned by insiders.

TransDigm Group Trading Up 0.4 %

Shares of NYSE TDG traded up $5.88 during midday trading on Tuesday, reaching $1,324.79. 15,586 shares of the company were exchanged, compared to its average volume of 210,117. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The stock has a fifty day simple moving average of $1,285.87 and a 200 day simple moving average of $1,165.60. The stock has a market cap of $74.14 billion, a P/E ratio of 52.32, a PEG ratio of 2.20 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $5.39 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 29.99 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TDG shares. UBS Group increased their target price on TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Barclays increased their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Truist Financial increased their target price on TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Citigroup raised their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,371.19.

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.