Laurion Capital Management LP Invests $233,000 in TransDigm Group Incorporated (NYSE:TDG)

Laurion Capital Management LP purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 184 shares of the aerospace company’s stock, valued at approximately $233,000.

Several other hedge funds have also made changes to their positions in the business. Lighthouse Investment Partners LLC acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $634,000. J. Goldman & Co LP lifted its position in shares of TransDigm Group by 965.7% during the fourth quarter. J. Goldman & Co LP now owns 28,007 shares of the aerospace company’s stock worth $35,493,000 after purchasing an additional 25,379 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of TransDigm Group by 3.2% during the fourth quarter. Janus Henderson Group PLC now owns 7,431 shares of the aerospace company’s stock worth $9,413,000 after purchasing an additional 229 shares in the last quarter. Hudson Way Capital Management LLC lifted its position in shares of TransDigm Group by 21.6% during the fourth quarter. Hudson Way Capital Management LLC now owns 56,465 shares of the aerospace company’s stock worth $71,557,000 after purchasing an additional 10,025 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of TransDigm Group by 0.7% during the fourth quarter. Gotham Asset Management LLC now owns 17,818 shares of the aerospace company’s stock worth $22,580,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.9%

Shares of TransDigm Group stock opened at $1,372.20 on Monday. The firm has a market capitalization of $77.07 billion, a P/E ratio of 48.40, a P/E/G ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The firm’s 50 day moving average is $1,353.73 and its two-hundred day moving average is $1,321.52.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $7.99 earnings per share. As a group, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of several analyst reports. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial reduced their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Susquehanna raised their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. UBS Group raised their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,490.20.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 3,650 shares of the firm’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 transaction, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. This trade represents a 19.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,135 shares of company stock worth $240,122,586. Insiders own 4.09% of the company’s stock.

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.