Appian Way Asset Management LP Buys Shares of 4,600 TransDigm Group Incorporated (NYSE:TDG)

Appian Way Asset Management LP bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,600 shares of the aerospace company’s stock, valued at approximately $6,565,000. TransDigm Group accounts for about 1.5% of Appian Way Asset Management LP’s portfolio, making the stock its 18th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares in the last quarter. First Personal Financial Services bought a new position in TransDigm Group in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. grew its holdings in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. DT Investment Partners LLC increased its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group in the second quarter worth about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of recent analyst reports. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. UBS Group dropped their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley upped their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Citigroup lowered their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,254.45 on Friday. The company’s 50-day moving average is $1,346.89 and its 200 day moving average is $1,316.40. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The stock has a market capitalization of $70.54 billion, a P/E ratio of 49.00, a P/E/G ratio of 2.81 and a beta of 1.43.

TransDigm Group Increases Dividend

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

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by corporate 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.