Edgestream Partners L.P. Has $6.65 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Edgestream Partners L.P. grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 45.6% in the second quarter, HoldingsChannel reports. The fund owned 5,201 shares of the aerospace company’s stock after acquiring an additional 1,629 shares during the period. Edgestream Partners L.P.’s holdings in TransDigm Group were worth $6,645,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Advisory Services Network LLC grew its position in 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 purchasing an additional 762 shares in the last quarter. Intech Investment Management LLC raised its holdings in TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after acquiring an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in TransDigm Group during the fourth quarter valued at approximately $1,909,000. Wealth Enhancement Advisory Services LLC raised its position in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after purchasing an additional 3,120 shares during the period. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Up 0.4 %

Shares of TDG opened at $1,373.19 on Tuesday. The business has a 50-day simple moving average of $1,283.91 and a two-hundred day simple moving average of $1,270.47. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,388.41. The stock has a market cap of $76.84 billion, a PE ratio of 54.47, a PEG ratio of 2.12 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $6.55 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,073 shares of company stock valued at $34,795,388. Company insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Truist Financial lifted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group lowered their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Susquehanna increased their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

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.