Navalign LLC Makes New $789,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Navalign LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 641 shares of the aerospace company’s stock, valued at approximately $789,000.

Other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC lifted its stake in TransDigm Group by 66.4% in the third quarter. Kestra Advisory Services LLC now owns 1,943 shares of the aerospace company’s stock valued at $1,638,000 after buying an additional 775 shares in the last quarter. QRG Capital Management Inc. acquired a new position in TransDigm Group in the 3rd quarter worth $360,000. V Square Quantitative Management LLC bought a new position in TransDigm Group during the 3rd quarter worth about $201,000. Dark Forest Capital Management LP acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $917,000. Finally, Mariner LLC lifted its holdings in shares of TransDigm Group by 8.6% in the third quarter. Mariner LLC now owns 3,819 shares of the aerospace company’s stock valued at $3,220,000 after purchasing an additional 303 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.5 %

Shares of NYSE TDG traded up $6.96 during mid-day trading on Monday, reaching $1,328.05. 258,523 shares of the company were exchanged, compared to its average volume of 213,333. The stock has a market capitalization of $74.32 billion, a P/E ratio of 52.68, a P/E/G ratio of 2.26 and a beta of 1.39. The company’s 50-day simple moving average is $1,297.02 and its 200-day simple moving average is $1,178.45. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57.

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

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock valued at $131,249,183 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TDG shares. Barclays lifted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. TD Cowen raised their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. UBS Group boosted their price target on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,403.88.

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.