Catalina Capital Group LLC Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Catalina Capital Group LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 11.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 194 shares of the aerospace company’s stock after buying an additional 20 shares during the period. Catalina Capital Group LLC’s holdings in TransDigm Group were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marks Group Wealth Management Inc raised its holdings in TransDigm Group by 317.4% in the 3rd quarter. Marks Group Wealth Management Inc now owns 2,450 shares of the aerospace company’s stock worth $3,496,000 after acquiring an additional 1,863 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in shares of TransDigm Group by 16.4% in the third quarter. Pittenger & Anderson Inc. now owns 9,261 shares of the aerospace company’s stock worth $13,217,000 after purchasing an additional 1,304 shares during the last quarter. Geneva Partners LLC lifted its holdings in shares of TransDigm Group by 0.7% during the third quarter. Geneva Partners LLC now owns 5,737 shares of the aerospace company’s stock valued at $8,188,000 after purchasing an additional 38 shares in the last quarter. ASB Consultores LLC boosted its position in shares of TransDigm Group by 6.3% during the third quarter. ASB Consultores LLC now owns 320 shares of the aerospace company’s stock valued at $457,000 after buying an additional 19 shares during the last quarter. Finally, FSM Wealth Advisors LLC bought a new stake in TransDigm Group in the 3rd quarter worth about $232,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE TDG opened at $1,380.72 on Thursday. The stock has a 50 day moving average price of $1,369.27 and a 200-day moving average price of $1,315.00. TransDigm Group Incorporated has a one year low of $879.35 and a one year high of $1,451.32. The company has a market capitalization of $77.47 billion, a P/E ratio of 51.08, a P/E/G ratio of 1.79 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $6.55 earnings per share. TransDigm Group’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts predict 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. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. 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 available at this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,944 shares of company stock worth $35,823,485. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. KeyCorp lifted their target price 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. Citigroup dropped 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 note on Wednesday. Jefferies Financial Group cut their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,461.82.

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.