TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by TFB Advisors LLC

TFB Advisors LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 390 shares of the aerospace company’s stock after purchasing an additional 18 shares during the quarter. TFB Advisors LLC’s holdings in TransDigm Group were worth $557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dudley Capital Management LLC acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $303,000. BNC Wealth Management LLC grew its position in shares of TransDigm Group by 4.9% during the 3rd quarter. BNC Wealth Management LLC now owns 4,143 shares of the aerospace company’s stock valued at $5,913,000 after buying an additional 195 shares during the last quarter. Radnor Capital Management LLC bought a new position in TransDigm Group in the third quarter worth about $1,135,000. Catalina Capital Group LLC boosted its stake in TransDigm Group by 11.5% in the third quarter. Catalina Capital Group LLC now owns 194 shares of the aerospace company’s stock valued at $277,000 after acquiring an additional 20 shares during the period. Finally, Marks Group Wealth Management Inc lifted its holdings in shares of TransDigm Group by 317.4% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,450 shares of the aerospace company’s stock worth $3,496,000 after purchasing an additional 1,863 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,329.39 on Friday. The firm has a market cap of $74.59 billion, a P/E ratio of 49.18, a PEG ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a fifty-two week low of $886.76 and a fifty-two week high of $1,451.32. The stock’s 50-day moving average is $1,369.27 and its two-hundred day moving average is $1,315.00.

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

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Analyst Ratings Changes

TDG has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price target 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. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Morgan Stanley upped their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 over the last 90 days. 4.96% of the stock is currently owned by company 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.