Cookson Peirce & Co. Inc. Has $44.61 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Cookson Peirce & Co. Inc. lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,204 shares of the aerospace company’s stock after selling 266 shares during the quarter. TransDigm Group comprises approximately 2.0% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 14th largest holding. Cookson Peirce & Co. Inc. owned about 0.06% of TransDigm Group worth $44,613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC lifted its position in TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after acquiring an additional 729,930 shares in the last quarter. Windacre Partnership LLC raised its stake in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of TransDigm Group by 9.6% in the fourth 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. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Finally, FMR LLC grew its holdings in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.7 %

TDG opened at $1,347.60 on Wednesday. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The company has a market cap of $75.58 billion, a PE ratio of 47.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The company has a 50 day moving average of $1,316.62 and a 200 day moving average of $1,325.91.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial lifted their target price on shares of 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, Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

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.