8,149 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Interval Partners LP

Interval Partners LP acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,149 shares of the aerospace company’s stock, valued at approximately $10,411,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TDG. Vanguard Group Inc. boosted its position in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares in the last quarter. Capital World Investors lifted its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the period. Capital Research Global Investors boosted its holdings in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after buying an additional 192,962 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of TransDigm Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,408.03 on Monday. The firm has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,419.99. The business has a fifty day moving average of $1,294.01 and a 200 day moving average of $1,276.52.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $6.55 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,545 shares of company stock valued at $46,454,828. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company cut 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. Truist Financial lifted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. KeyCorp increased their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,438.24.

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.