Skopos Labs Inc. Invests $267,000 in TransDigm Group Incorporated (NYSE:TDG)

Skopos Labs Inc. purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, HoldingsChannel reports. The fund purchased 264 shares of the aerospace company’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Private Advisor Group LLC grew its holdings in shares of TransDigm Group by 7.0% during the third quarter. Private Advisor Group LLC now owns 538 shares of the aerospace company’s stock worth $454,000 after buying an additional 35 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of TransDigm Group by 0.6% during the third quarter. Corient Private Wealth LLC now owns 13,297 shares of the aerospace company’s stock worth $11,214,000 after buying an additional 82 shares in the last quarter. Signaturefd LLC grew its holdings in shares of TransDigm Group by 6.6% during the third quarter. Signaturefd LLC now owns 551 shares of the aerospace company’s stock worth $465,000 after buying an additional 34 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of TransDigm Group during the third quarter worth about $242,000. Finally, NBC Securities Inc. purchased a new stake in TransDigm Group in the third quarter valued at approximately $68,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TDG shares. Robert W. Baird boosted their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Truist Financial boosted their target price on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. UBS Group boosted their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,327.44.

TransDigm Group Stock Up 1.5 %

Shares of NYSE TDG traded up $19.59 during trading on Friday, reaching $1,350.31. 136,110 shares of the stock were exchanged, compared to its average volume of 233,096. The business’s 50-day moving average price is $1,252.60 and its 200 day moving average price is $1,124.54. TransDigm Group Incorporated has a twelve month low of $768.23 and a twelve month high of $1,350.31. 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 2.35 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company posted $5.39 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 29.96 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jorge Valladares sold 2,427 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $1,191.99, for a total transaction of $2,892,959.73. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at $13,111,890. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 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 currently owned by corporate insiders.

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.