SeaCrest Wealth Management LLC Buys 17 Shares of TransDigm Group Incorporated (NYSE:TDG)

SeaCrest Wealth Management LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580 shares of the aerospace company’s stock after acquiring an additional 17 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in TransDigm Group were worth $828,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its position in TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares during the last quarter. Team Hewins LLC raised its holdings in shares of TransDigm Group by 3.0% during the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 8 shares during the last quarter. Souders Financial Advisors boosted its holdings in TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after purchasing an additional 8 shares during the last quarter. Bennett Selby Investments LP boosted its holdings in TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 8 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in shares of TransDigm Group by 1.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after buying an additional 9 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Down 0.4 %

Shares of TDG opened at $1,384.32 on Thursday. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32. The stock has a market cap of $77.67 billion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. The firm’s fifty day moving average is $1,350.09 and its two-hundred day moving average is $1,301.19.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion for 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%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.55 earnings per share. As a group, research analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, October 18th. Investors 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 of this dividend is Friday, October 4th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDG. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group dropped their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,448.41.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents 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 this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,472 shares of company stock valued at $23,941,840. 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.