Mezzasalma Advisors LLC Purchases 51 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mezzasalma Advisors LLC raised its position in TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,531 shares of the aerospace company’s stock after acquiring an additional 51 shares during the period. TransDigm Group comprises 1.0% of Mezzasalma Advisors LLC’s portfolio, making the stock its 22nd biggest position. Mezzasalma Advisors LLC’s holdings in TransDigm Group were worth $3,207,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Windacre Partnership LLC boosted its position in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the last quarter. FMR LLC grew its stake in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock worth $172,506,000 after buying an additional 32,609 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDG shares. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised 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. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Truist Financial upped their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,892,616. This trade 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, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 over the last three months. 4.09% of the stock is owned by insiders.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,329.35 on Friday. The business’s 50 day simple moving average is $1,293.18 and its 200 day simple moving average is $1,313.89. The company has a market capitalization of $74.56 billion, a P/E ratio of 46.89, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,100.86 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 34.11 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.