Numerai GP LLC Has $1.04 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Numerai GP LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 464.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 818 shares of the aerospace company’s stock after acquiring an additional 673 shares during the quarter. Numerai GP LLC’s holdings in TransDigm Group were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Norges Bank acquired a new position in shares of TransDigm Group in the fourth quarter worth approximately $973,353,000. Proficio Capital Partners LLC lifted its stake in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after acquiring an additional 729,930 shares during the period. Edgewood Management LLC acquired a new position in shares of TransDigm Group in the fourth quarter worth approximately $399,595,000. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. lifted its stake 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 worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDG has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Susquehanna lifted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Finally, StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,490.20.

TransDigm Group Stock Down 1.7%

NYSE TDG opened at $1,391.60 on Thursday. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 49.09, 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 business has a 50 day moving average price of $1,357.02 and a 200-day moving average price of $1,323.08.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $7.99 earnings per share. TransDigm Group’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the completion of the transaction, the director now owns 15,539 shares in the company, valued at $20,545,510.41. This represents a 19.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,135 shares of company stock worth $213,040,986. 4.09% of the stock is owned by corporate insiders.

TransDigm Group 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.