LRI Investments LLC Cuts Stake in TransDigm Group Incorporated (NYSE:TDG)

LRI Investments LLC lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113 shares of the aerospace company’s stock after selling 12 shares during the quarter. LRI Investments LLC’s holdings in TransDigm Group were worth $161,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TDG. Nomura Asset Management Co. Ltd. boosted its holdings in TransDigm Group by 7.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock worth $23,295,000 after acquiring an additional 1,086 shares during the period. MML Investors Services LLC grew its holdings in TransDigm Group by 7.9% during the 3rd quarter. MML Investors Services LLC now owns 5,220 shares of the aerospace company’s stock valued at $7,450,000 after purchasing an additional 380 shares in the last quarter. Dorsey Wright & Associates increased its stake in TransDigm Group by 2.4% during the 3rd quarter. Dorsey Wright & Associates now owns 4,338 shares of the aerospace company’s stock worth $6,191,000 after buying an additional 103 shares during the period. Main Management ETF Advisors LLC purchased a new stake in TransDigm Group during the 3rd quarter worth $1,107,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in TransDigm Group by 6.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,068 shares of the aerospace company’s stock worth $1,524,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.2 %

Shares of TDG stock opened at $1,261.57 on Wednesday. The stock has a 50-day simple moving average of $1,330.10 and a 200 day simple moving average of $1,315.24. TransDigm Group Incorporated has a fifty-two week low of $972.08 and a fifty-two week high of $1,451.32. The stock has a market capitalization of $70.94 billion, a P/E ratio of 49.28, a P/E/G ratio of 2.93 and a beta of 1.39.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Analyst Ratings Changes

TDG has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target 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. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, KeyCorp raised 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 report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,464.00.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $4,127,670.00. Following the completion of 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 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 in the last quarter. Insiders own 4.96% of the company’s stock.

About TransDigm Group

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.