Cinctive Capital Management LP Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Cinctive Capital Management LP purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,329 shares of the aerospace company’s stock, valued at approximately $9,288,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after acquiring an additional 79,284 shares during the last quarter. State Street Corp increased its position in shares of TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after purchasing an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in TransDigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock worth $1,636,409,000 after purchasing an additional 159,839 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TDG shares. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup raised their target price 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. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,477.18.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the 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 completion of the transaction, 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 have sold a total of 124,594 shares of company stock worth $165,646,468 over the last ninety days. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 0.9 %

TransDigm Group stock opened at $1,395.22 on Wednesday. The stock’s fifty day simple moving average is $1,344.78 and its 200-day simple moving average is $1,330.16. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The firm has a market capitalization of $78.25 billion, a P/E ratio of 49.21, a P/E/G ratio of 2.76 and a beta of 1.38.

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

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.