New Age Alpha Advisors LLC Invests $6.24 Million in TransDigm Group Incorporated (NYSE:TDG)

New Age Alpha Advisors LLC bought a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, HoldingsChannel reports. The fund bought 4,926 shares of the aerospace company’s stock, valued at approximately $6,243,000.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after acquiring an additional 7,947 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in TransDigm Group by 7.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock valued at $23,295,000 after acquiring an additional 1,086 shares during the period. Unigestion Holding SA purchased a new stake in TransDigm Group during the 3rd quarter valued at approximately $1,476,000. Finally, Triasima Portfolio Management inc. acquired a new stake in TransDigm Group during the 4th quarter worth approximately $911,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,594 shares of company stock worth $165,646,468. Corporate insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial raised 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 research note on Tuesday, January 14th. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

TransDigm Group Price Performance

TDG opened at $1,383.41 on Friday. The company has a market capitalization of $77.59 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a 50-day moving average of $1,342.45 and a 200-day moving average of $1,329.07. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced 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 negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share 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.