TransDigm Group Incorporated (NYSE:TDG) Position Trimmed by Mather Group LLC.

Mather Group LLC. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 32.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 296 shares of the aerospace company’s stock after selling 145 shares during the quarter. Mather Group LLC.’s holdings in TransDigm Group were worth $423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the period. ORG Partners LLC bought a new stake in shares of TransDigm Group in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. boosted its position in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the first quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDG. Susquehanna lifted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Truist Financial increased their target price 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 investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,441.35.

TransDigm Group Trading Down 1.3 %

Shares of TDG opened at $1,368.98 on Friday. TransDigm Group Incorporated has a 12 month low of $811.42 and a 12 month high of $1,451.32. The stock has a fifty day moving average price of $1,333.35 and a 200-day moving average price of $1,295.44. The firm has a market cap of $76.61 billion, a PE ratio of 54.30, a P/E/G ratio of 1.76 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its quarterly 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 company had revenue of $2.05 billion for 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 firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm earned $6.55 EPS. As a group, research analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on 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 owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. This trade represents a 0.00 % decrease in their position. The transaction 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 business’s stock in a transaction 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 transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This trade represents 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 valued at $33,968,828 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

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.