Gardner Lewis Asset Management L P Decreases Stake in TransDigm Group Incorporated (NYSE:TDG)

Gardner Lewis Asset Management L P lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,654 shares of the aerospace company’s stock after selling 37 shares during the quarter. TransDigm Group comprises 2.4% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 17th biggest holding. Gardner Lewis Asset Management L P’s holdings in TransDigm Group were worth $9,700,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Erste Asset Management GmbH bought a new stake in TransDigm Group in the third quarter worth $29,000. Capital Advisors Ltd. LLC increased its holdings in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc raised its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, Sachetta LLC lifted its holdings in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,646,468 in the last three months. 4.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Stock Performance

NYSE TDG opened at $1,383.41 on Friday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market capitalization of $77.59 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The company’s 50-day simple moving average is $1,342.45 and its two-hundred day simple moving average is $1,329.07.

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

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.