Strong Tower Advisory Services Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

Strong Tower Advisory Services lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 641 shares of the aerospace company’s stock after buying an additional 20 shares during the quarter. Strong Tower Advisory Services’ holdings in TransDigm Group were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TDG. Whittier Trust Co. of Nevada Inc. raised its stake 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 acquiring an additional 8 shares during the period. Team Hewins LLC raised its position in shares of TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 8 shares during the period. Souders Financial Advisors lifted its stake in shares of TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares in the last quarter. Bennett Selby Investments LP boosted its holdings in TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after buying an additional 8 shares during the period. Finally, Meeder Advisory Services Inc. increased its stake in TransDigm Group by 1.2% in the 1st quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock worth $924,000 after buying an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 2.3 %

Shares of NYSE TDG traded up $31.14 during midday trading on Friday, hitting $1,400.12. The company’s stock had a trading volume of 40,108 shares, compared to its average volume of 217,031. The business’s 50 day moving average is $1,335.37 and its two-hundred day moving average is $1,295.95. TransDigm Group Incorporated has a 12-month low of $811.42 and a 12-month high of $1,451.32. The firm has a market cap of $78.56 billion, a P/E ratio of 50.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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 for the quarter 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. On average, analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TDG shares. Wells Fargo & Company lowered their price objective on 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. Truist Financial boosted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, 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. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,441.35.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,545 shares of company stock worth $33,968,828 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.