Isthmus Partners LLC Buys New Stake in TransDigm Group Incorporated (NYSE:TDG)

Isthmus Partners LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, Holdings Channel reports. The fund bought 164 shares of the aerospace company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in TransDigm Group by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,676 shares of the aerospace company’s stock valued at $49,013,000 after purchasing an additional 2,772 shares during the period. Coalescence Partners Investment Management LP acquired a new position in TransDigm Group during the fourth quarter valued at $7,784,000. Amundi lifted its position in TransDigm Group by 213.5% during the fourth quarter. Amundi now owns 24,017 shares of the aerospace company’s stock valued at $30,797,000 after purchasing an additional 16,355 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in TransDigm Group by 6.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 803 shares of the aerospace company’s stock valued at $1,018,000 after purchasing an additional 48 shares during the period. Finally, HM Payson & Co. acquired a new position in TransDigm Group during the fourth quarter valued at $181,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Down 0.4 %

Shares of NYSE TDG opened at $1,335.77 on Tuesday. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The stock has a market cap of $74.92 billion, a PE ratio of 47.12, a P/E/G ratio of 2.76 and a beta of 1.38. The company has a 50-day moving average of $1,321.06 and a 200 day moving average of $1,327.03.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the company earned $7.16 EPS. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on TDG. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,647 shares of company stock valued at $236,483,623. Corporate insiders own 4.09% of the company’s stock.

About TransDigm Group

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.