TransDigm Group Incorporated (NYSE:TDG) Stock Holdings Reduced by Anabranch Capital Management LP

Anabranch Capital Management LP cut its position in TransDigm Group Incorporated (NYSE:TDG) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,673 shares of the aerospace company’s stock after selling 8,120 shares during the quarter. TransDigm Group comprises about 17.1% of Anabranch Capital Management LP’s holdings, making the stock its 2nd largest position. Anabranch Capital Management LP’s holdings in TransDigm Group were worth $28,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC raised its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc lifted its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after buying an additional 21 shares in the last quarter. Finally, Sachetta LLC boosted its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, Director Robert J. Small sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the business’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,894 shares of company stock worth $167,450,256. Company insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TDG. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Truist Financial reduced 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. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 8th. Susquehanna raised their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,464.41.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,307.25 on Tuesday. The business has a 50-day moving average of $1,336.03 and a 200 day moving average of $1,320.19. The stock has a market capitalization of $73.32 billion, a PE ratio of 46.11, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $7.16 earnings per share. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current 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.