Prime Capital Investment Advisors LLC Has $5.54 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Prime Capital Investment Advisors LLC raised its position in TransDigm Group Incorporated (NYSE:TDG) by 15.3% in the third quarter, HoldingsChannel reports. The fund owned 3,880 shares of the aerospace company’s stock after purchasing an additional 514 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in TransDigm Group were worth $5,537,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in shares of TransDigm Group by 7.0% in the first quarter. QRG Capital Management Inc. now owns 549 shares of the aerospace company’s stock valued at $677,000 after buying an additional 36 shares in the last quarter. Russell Investments Group Ltd. lifted its position in TransDigm Group by 11.3% in the 1st quarter. Russell Investments Group Ltd. now owns 28,592 shares of the aerospace company’s stock valued at $35,220,000 after acquiring an additional 2,914 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of TransDigm Group by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 1,535 shares of the aerospace company’s stock valued at $1,891,000 after purchasing an additional 130 shares in the last quarter. Interchange Capital Partners LLC purchased a new position in shares of TransDigm Group during the first quarter valued at approximately $187,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in TransDigm Group by 17.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 65,607 shares of the aerospace company’s stock worth $80,802,000 after buying an additional 9,814 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of 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. 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. Wells Fargo & Company decreased 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 report on Wednesday, August 7th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup dropped their target price on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the business’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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE:TDG opened at $1,354.52 on Wednesday. The business has a fifty day moving average price of $1,368.17 and a 200-day moving average price of $1,318.02. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The firm has a market capitalization of $76.16 billion, a price-to-earnings ratio of 52.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently announced 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.

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.