Stonegate Investment Group LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Stonegate Investment Group LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 319 shares of the aerospace company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after buying an additional 789 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in TransDigm Group by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after acquiring an additional 1,142 shares during the period. BNP Paribas Financial Markets grew its position in TransDigm Group by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock valued at $87,297,000 after acquiring an additional 18,655 shares during the period. Finally, Navalign LLC acquired a new position in TransDigm Group during the first quarter worth $789,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Joel Reiss sold 3,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock worth $35,823,485 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Down 0.3 %

TransDigm Group stock opened at $1,397.16 on Friday. The firm has a market capitalization of $78.18 billion, a P/E ratio of 55.42, a PEG ratio of 1.90 and a beta of 1.43. The business has a 50-day moving average of $1,356.51 and a 200-day moving average of $1,303.16. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its 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 the consensus estimate 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.55 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders 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 positive change from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TDG. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. 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 decreased their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Truist Financial lifted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,448.41.

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.