4 Best Stocks to Buy Now According to This Under-the-Radar Value Investor

1. TransDigm Group Incorporated (NYSE:TDG)

AltaRock Partners’ Stake Value: $782,829,000

Percentage of AltaRock Partners’ 13F Portfolio: 24.15%

Number of Hedge Fund Holders (Q1): 66

TransDigm Group Incorporated (NYSE:TDG) has been in AltaRock Partners’ portfolio since the fourth quarter of 2014 and was the fund’s top stock pick at the end of June, with AltaRock Partners increasing its stake in the company by 3% to 1,458,679 shares during Q2. The Cleveland, Ohio-based company designs, produces and supplies aircraft components around the world and has seen its annual revenue grow to $4.8 billion from $1.7 billion in its last 10 financial years. TransDigm Group Incorporated’s (NYSE:TDG) stock has appreciated by more than 850% in the previous ten years, but most of that gain was recorded prior to the onset of the COVID pandemic in March 2020.

For the quarter of its fiscal year 2022, TransDigm Group Incorporated (NYSE:TDG) reported GAAP earnings per share of $4.10, beating analysts’ estimate by $0.26. However, the $1.4 billion in revenue it reported for that period missed analysts’ projection by a mere $12 million. On August 16, Wells Fargo & Company’s analysts boosted their price target on the stock to $740 from $620 while maintaining their ‘Overweight’ rating.

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