TransDigm Group Incorporated (NYSE:TDG) Stock Position Trimmed by Crow s Nest Holdings LP

Crow s Nest Holdings LP lowered its holdings in TransDigm Group Incorporated (NYSE:TDG) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,500 shares of the aerospace company’s stock after selling 7,500 shares during the period. TransDigm Group comprises 9.0% of Crow s Nest Holdings LP’s holdings, making the stock its 7th largest position. Crow s Nest Holdings LP’s holdings in TransDigm Group were worth $40,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TDG. Whittier Trust Co. of Nevada Inc. lifted its position in shares of TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after buying an additional 8 shares during the last quarter. Team Hewins LLC lifted its position in shares of TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after buying an additional 8 shares during the last quarter. Souders Financial Advisors lifted its position in shares of TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares during the last quarter. Bennett Selby Investments LP lifted its position in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after buying an additional 8 shares during the last quarter. Finally, Checchi Capital Advisers LLC lifted its holdings in TransDigm Group by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock worth $46,454,828 in the last ninety days. 4.96% of the stock is owned by insiders.

TransDigm Group Trading Up 0.7 %

Shares of TransDigm Group stock opened at $1,417.98 on Tuesday. The firm has a market capitalization of $79.35 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The business’s 50-day moving average price is $1,297.53 and its 200-day moving average price is $1,278.23. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,423.02.

TransDigm Group (NYSE:TDG) last announced 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. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $6.55 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp increased their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Truist Financial increased their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Morgan Stanley increased their price objective on 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,438.24.

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.