TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc raised its position in TransDigm Group Incorporated (NYSE:TDG) by 542.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 45 shares of the aerospace company’s stock after buying an additional 38 shares during the quarter. Versant Capital Management Inc’s holdings in TransDigm Group were worth $57,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in TransDigm Group by 15.0% in the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after buying an additional 762 shares during the period. Intech Investment Management LLC grew its stake in shares of TransDigm Group by 68.2% during the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after purchasing an additional 3,458 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of TransDigm Group by 2,361.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after purchasing an additional 75,784 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of TransDigm Group during the 4th quarter worth $1,909,000. Finally, UBS Group AG grew its stake in shares of TransDigm Group by 9.4% during the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after purchasing an additional 3,120 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. In the last three months, insiders sold 105,905 shares of company stock worth $137,900,519. 4.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Stifel Nicolaus boosted their price objective on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, Barclays upped their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,417.69.

TransDigm Group Trading Up 2.2 %

NYSE:TDG traded up $27.12 during trading hours on Tuesday, hitting $1,236.57. The stock had a trading volume of 407,935 shares, compared to its average volume of 226,456. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The business has a 50 day simple moving average of $1,287.02 and a two-hundred day simple moving average of $1,233.02. The company has a market cap of $69.20 billion, a PE ratio of 50.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.39 EPS. Research analysts expect that TransDigm Group Incorporated will post 30.21 EPS for the current fiscal 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.