TransDigm Group Incorporated (NYSE:TDG) Position Reduced by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,063 shares of the aerospace company’s stock after selling 74 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in TransDigm Group were worth $1,358,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDG. Ieq Capital LLC boosted its stake in TransDigm Group by 16.1% during the second quarter. Ieq Capital LLC now owns 2,302 shares of the aerospace company’s stock valued at $2,942,000 after buying an additional 320 shares in the last quarter. Brighton Jones LLC lifted its holdings in TransDigm Group by 12.3% in the 2nd quarter. Brighton Jones LLC now owns 1,030 shares of the aerospace company’s stock valued at $1,316,000 after acquiring an additional 113 shares during the last quarter. MQS Management LLC bought a new position in shares of TransDigm Group during the 2nd quarter valued at about $778,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of TransDigm Group in the 2nd quarter worth approximately $158,000. Finally, Zega Financial LLC raised its holdings in shares of TransDigm Group by 8.1% in the 2nd quarter. Zega Financial LLC now owns 656 shares of the aerospace company’s stock worth $838,000 after purchasing an additional 49 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of 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. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. UBS Group decreased their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Morgan Stanley raised their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,408.03 on Monday. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,419.99. The business’s 50-day moving average price is $1,294.01 and its two-hundred day moving average price is $1,276.52. The company has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.55 EPS. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was 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 of the company’s stock, valued at $4,469,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 in the company, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,545 shares of company stock worth $46,454,828. Corporate insiders own 4.96% of the company’s stock.

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.