TransDigm Group Incorporated (NYSE:TDG) is Westfield Capital Management Co. LP’s 6th Largest Position

Westfield Capital Management Co. LP lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,175 shares of the aerospace company’s stock after selling 3,763 shares during the period. TransDigm Group makes up approximately 1.9% of Westfield Capital Management Co. LP’s portfolio, making the stock its 6th biggest holding. Westfield Capital Management Co. LP owned approximately 0.58% of TransDigm Group worth $323,889,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of TransDigm Group by 2.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 14,189 shares of the aerospace company’s stock valued at $14,354,000 after purchasing an additional 320 shares in the last quarter. Skopos Labs Inc. purchased a new position in TransDigm Group in the fourth quarter valued at approximately $267,000. Advisory Services Network LLC lifted its position in TransDigm Group by 15.0% during the fourth 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 in the last quarter. Orion Portfolio Solutions LLC grew its stake in TransDigm Group by 22.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock worth $592,000 after buying an additional 110 shares during the period. Finally, Team Hewins LLC acquired a new stake in shares of TransDigm Group in the fourth quarter worth $270,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Price Performance

NYSE:TDG traded up $19.59 during mid-day trading on Friday, reaching $1,350.31. The stock had a trading volume of 134,444 shares, compared to its average volume of 212,197. The company has a market capitalization of $75.56 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.39. TransDigm Group Incorporated has a 1-year low of $768.23 and a 1-year high of $1,350.31. The stock’s 50 day simple moving average is $1,252.60 and its two-hundred day simple moving average is $1,122.94.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $5.39 EPS. Sell-side analysts anticipate that TransDigm Group Incorporated will post 29.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Morgan Stanley upped their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. KeyCorp upped their price target on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Truist Financial lifted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,327.44.

Insiders Place Their Bets

In other news, COO Michael Lisman sold 8,000 shares of TransDigm Group stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,195.01, for a total value of $9,560,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Lisman sold 8,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,195.01, for a total transaction of $9,560,080.00. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 11 shares of company stock valued at $5,950 and have sold 40,203 shares valued at $49,550,425. 4.96% of the stock is owned by corporate insiders.

TransDigm Group 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.