Mezzasalma Advisors LLC Buys 108 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mezzasalma Advisors LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,480 shares of the aerospace company’s stock after purchasing an additional 108 shares during the period. TransDigm Group makes up 1.4% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Mezzasalma Advisors LLC’s holdings in TransDigm Group were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TDG. Fortitude Family Office LLC raised its holdings in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC bought a new position in shares of TransDigm Group in the 1st quarter worth about $30,000. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in TransDigm Group during the 1st quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC bought a new stake in TransDigm Group during the second quarter worth about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Jefferies Financial Group lowered their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Morgan Stanley increased their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,448.41.

TransDigm Group Price Performance

Shares of TDG opened at $1,396.31 on Thursday. TransDigm Group Incorporated has a one year low of $811.42 and a one year high of $1,451.32. The business has a fifty day moving average of $1,350.09 and a 200 day moving average of $1,301.19. The firm has a market capitalization of $78.35 billion, a P/E ratio of 51.21, a PEG ratio of 1.90 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.55 EPS. Analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,472 shares of company stock worth $23,941,840 in the last three months. Corporate insiders own 4.96% of the company’s stock.

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.