TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the aerospace company’s stock after acquiring an additional 500 shares during the quarter. TransDigm Group makes up approximately 0.7% of Pier 88 Investment Partners LLC’s investment portfolio, making the stock its 26th largest position. Pier 88 Investment Partners LLC’s holdings in TransDigm Group were worth $3,252,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of TransDigm Group during the 4th quarter valued at about $790,822,000. Capital World Investors grew its holdings in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the period. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Argent Capital Management LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth approximately $75,910,000. Finally, Vanguard Group Inc. lifted its position in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on TDG shares. Truist Financial boosted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company reduced their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Susquehanna boosted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,438.24.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert J. Small sold 21,210 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the sale, the director now owns 100,962 shares in the company, valued at approximately $132,852,866.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold 71,783 shares of company stock worth $92,191,316 over the last quarter. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Trading Down 2.6 %

Shares of TDG opened at $1,294.17 on Friday. The firm has a 50-day moving average price of $1,276.20 and a 200 day moving average price of $1,263.25. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83. The firm has a market capitalization of $72.62 billion, a P/E ratio of 51.34, a P/E/G ratio of 2.14 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company posted $6.55 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities research analysts predict that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

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.