TransDigm Group Incorporated (TDG) Rose as Air Travel Continued to Rebound


Funding administration firm Vulcan Value Partners just lately launched its first quarter 2024 investor letter. A duplicate of the letter may be downloaded here. The agency is proud of the primary quarter’s outcomes. All the strategic composites generated constructive returns, and plenty of of them outperformed their respective benchmarks. Within the quarter, the fund’s Massive Cap Composite returned 12.0% internet of charges and bills, the Small Cap Composite returned 0.2% internet, the Focus Composite returned 12.7% internet, the Focus Plus composite returned 12.9%, and the All-Cap Composite returned 6.6% internet. You’ll be able to examine the highest 5 holdings of the fund to know its finest picks in 2023.

Vulcan Worth Companions featured shares like TransDigm Group Integrated (NYSE:TDG) within the first quarter 2024 investor letter. Headquartered in Cleveland, Ohio, TransDigm Group Integrated (NYSE:TDG) is an plane parts producer and provider.  On Could 9, 2024, TransDigm Group Integrated (NYSE:TDG) inventory closed at $1,318.86 per share. One-month return of TransDigm Group Integrated (NYSE:TDG) was 6.80%, and its shares gained 65.50% of their worth over the past 52 weeks. TransDigm Group Integrated (NYSE:TDG) has a market capitalization of $73.801 billion.

Vulcan Worth Companions said the next relating to TransDigm Group Integrated (NYSE:TDG) in its first quarter 2024 investor letter:

“TransDigm Group Integrated (NYSE:TDG) is an aerospace firm making OEM and aftermarket elements for business and army plane. Roughly 90% of its internet gross sales are from proprietary elements. TransDigm reported double-digit natural income and revenue progress in its most up-to-date quarter as air journey continued to rebound from the pandemic. These outcomes are on high of double-digit income and revenue progress in its most up-to-date fiscal yr. TransDigm continues to generate robust free money stream and is making clever capital allocation selections. TransDigm was a cloth contributor final quarter as nicely.”

An aerial view of an plane manufacturing facility, displaying a flurry of exercise on the manufacturing facility ground.

TransDigm Group Integrated (NYSE:TDG) just isn’t on our record of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held TransDigm Group Integrated (NYSE:TDG) on the finish of the fourth quarter which was 67 within the earlier quarter.

We beforehand mentioned TransDigm Group Integrated (NYSE:TDG) in another article, the place we shared the record of finest aerospace and protection shares to spend money on. Within the Q4 2023 letter Vulcan Worth Companions shared its expectation on TransDigm Group Integrated’s (NYSE:TDG) sturdy efficiency in 2024. As well as, please take a look at our hedge fund investor letters Q1 2024 web page for extra investor letters from hedge funds and different main traders.

 

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Disclosure: None. This text is initially revealed at Insider Monkey.



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