Perennial Advisors LLC Takes $539,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Perennial Advisors LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 390 shares of the aerospace company’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. GAMMA Investing LLC raised its position in shares of TransDigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company’s stock valued at $1,716,401,000 after buying an additional 1,240,112 shares in the last quarter. Norges Bank acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC raised its position in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Edgewood Management LLC acquired a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $399,595,000. Finally, JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,505.23.

TransDigm Group Stock Performance

NYSE TDG opened at $1,466.48 on Friday. The firm’s fifty day moving average price is $1,383.93 and its two-hundred day moving average price is $1,337.45. The stock has a market cap of $82.37 billion, a PE ratio of 51.73, a PEG ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.99 earnings per share. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of TransDigm Group stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director now owns 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 20,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total transaction of $26,804,000.00. Following the completion of the transaction, the director now owns 95,356 shares in the company, valued at approximately $127,796,111.20. The trade was a 17.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,713 shares of company stock worth $154,267,457. Company insiders own 4.09% of the company’s stock.

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.