TransDigm Group Incorporated (NYSE:TDG) Shares Sold by AXQ Capital LP

AXQ Capital LP lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 72.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287 shares of the aerospace company’s stock after selling 748 shares during the quarter. AXQ Capital LP’s holdings in TransDigm Group were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Prospera Financial Services Inc acquired a new position in shares of TransDigm Group during the third quarter valued at $207,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of TransDigm Group during the third quarter valued at $1,043,000. Moors & Cabot Inc. boosted its holdings in shares of TransDigm Group by 10.5% during the third quarter. Moors & Cabot Inc. now owns 263 shares of the aerospace company’s stock valued at $375,000 after acquiring an additional 25 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of TransDigm Group by 28.2% during the third quarter. Pacer Advisors Inc. now owns 5,962 shares of the aerospace company’s stock valued at $8,509,000 after acquiring an additional 1,311 shares during the period. Finally, Stonebrook Private Inc. acquired a new position in shares of TransDigm Group during the third quarter valued at $204,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.2 %

NYSE TDG opened at $1,344.17 on Monday. The stock’s 50-day moving average price is $1,335.17 and its two-hundred day moving average price is $1,327.15. The company has a market cap of $75.39 billion, a PE ratio of 47.41, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.16 EPS. Research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,337,899.18. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the transaction, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. Company insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,472.47.

TransDigm Group Company 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.