TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,654 shares of the aerospace company’s stock after selling 37 shares during the period. TransDigm Group comprises approximately 2.4% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 17th biggest holding. Gardner Lewis Asset Management L P’s holdings in TransDigm Group were worth $9,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its holdings in TransDigm Group by 25.0% in the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock valued at $1,821,000 after buying an additional 255 shares in the last quarter. Freedom Investment Management Inc. grew its position in shares of TransDigm Group by 17.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 456 shares of the aerospace company’s stock valued at $650,000 after acquiring an additional 67 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TransDigm Group in the 3rd quarter valued at about $31,397,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TransDigm Group by 6.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,904 shares of the aerospace company’s stock worth $51,240,000 after purchasing an additional 2,210 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.8 %

Shares of NYSE:TDG opened at $1,383.41 on Friday. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The stock has a market cap of $77.59 billion, a P/E ratio of 48.80, a PEG ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,342.45 and a two-hundred day moving average of $1,329.07.

TransDigm Group (NYSE:TDG) last issued its 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. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.16 earnings per share. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Finally, 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 report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,477.18.

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.