Panoramic Capital Partners LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Panoramic Capital Partners LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 165 shares of the aerospace company’s stock, valued at approximately $209,000.

Several other hedge funds have also added to or reduced their stakes in TDG. Souders Financial Advisors lifted its position in TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after buying an additional 8 shares during the period. Prosperity Financial Group Inc. increased its stake in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after acquiring an additional 8 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after acquiring an additional 8 shares during the period. CX Institutional boosted its stake in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 9 shares in the last quarter. Finally, Western Financial Corp CA grew its holdings in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after purchasing an additional 9 shares during the period. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TDG. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Truist Financial increased 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 research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,462.35.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,525 shares of company stock worth $112,769,801. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,334.35 on Tuesday. The company has a market cap of $74.83 billion, a price-to-earnings ratio of 47.07, a P/E/G ratio of 2.86 and a beta of 1.40. The business’s 50-day moving average is $1,294.68 and its two-hundred day moving average is $1,315.07. TransDigm Group Incorporated has a fifty-two week low of $1,100.86 and a fifty-two week high of $1,451.32.

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, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.16 EPS. Equities analysts predict that TransDigm Group Incorporated will post 34.11 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.