Edgestream Partners L.P. Buys 584 Shares of Transdigm Group Incorporated $TDG

Edgestream Partners L.P. grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 190.2% during the first quarter, Holdings Channel reports. The institutional investor owned 891 shares of the aerospace company’s stock after buying an additional 584 shares during the period. Edgestream Partners L.P.’s holdings in Transdigm Group were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TDG. Capital International Investors raised its stake in Transdigm Group by 0.9% during the 4th quarter. Capital International Investors now owns 6,544,423 shares of the aerospace company’s stock worth $8,702,655,000 after acquiring an additional 55,230 shares during the period. Capital World Investors boosted its position in shares of Transdigm Group by 0.4% in the fourth quarter. Capital World Investors now owns 3,954,512 shares of the aerospace company’s stock worth $5,258,898,000 after purchasing an additional 15,825 shares during the period. Capital Research Global Investors increased its stake in shares of Transdigm Group by 12.2% in the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock worth $3,293,527,000 after purchasing an additional 268,824 shares in the last quarter. State Street Corp increased its stake in shares of Transdigm Group by 2.8% in the fourth quarter. State Street Corp now owns 2,456,186 shares of the aerospace company’s stock worth $3,266,359,000 after purchasing an additional 67,348 shares in the last quarter. Finally, Soroban Capital Partners LP raised its position in shares of Transdigm Group by 14.5% during the 1st quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock valued at $992,298,000 after purchasing an additional 108,227 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDG. BNP Paribas Exane lowered their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Wall Street Zen cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Jefferies Financial Group boosted their price objective on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Weiss Ratings lowered Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna cut their target price on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Transdigm Group currently has an average rating of “Hold” and a consensus price target of $1,477.47.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,284.51 on Tuesday. The company has a market cap of $71.84 billion, a P/E ratio of 40.09, a P/E/G ratio of 2.21 and a beta of 0.91. The firm’s fifty day moving average is $1,270.89 and its two-hundred day moving average is $1,264.88. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,616.89.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $9.85 EPS for the quarter, beating the consensus estimate of $9.46 by $0.39. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.47 billion. Transdigm Group had a net margin of 20.24% and a negative return on equity of 26.49%. The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.11 EPS. As a group, analysts forecast that Transdigm Group Incorporated will post 37.77 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,596,408. The trade was a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total value of $12,321,322.56. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,204,091.84. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,196 shares of company stock worth $47,135,464 over the last quarter. 3.20% of the stock is owned by company insiders.

Transdigm Group Company Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.

TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.