ProShare Advisors LLC Buys 649 Shares of TransDigm Group Incorporated (NYSE:TDG)

ProShare Advisors LLC lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,723 shares of the aerospace company’s stock after acquiring an additional 649 shares during the period. ProShare Advisors LLC’s holdings in TransDigm Group were worth $9,867,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC acquired a new stake in TransDigm Group in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. lifted its stake in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group during the 1st quarter worth approximately $39,000. Finally, Crewe Advisors LLC bought a new position in shares of TransDigm Group during the 1st quarter worth approximately $46,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.2 %

NYSE:TDG opened at $1,420.90 on Wednesday. The stock has a 50 day simple moving average of $1,300.33 and a 200 day simple moving average of $1,280.03. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,423.02. The stock has a market cap of $79.73 billion, a P/E ratio of 56.36, a PEG ratio of 2.23 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released 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. 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $6.55 earnings per share. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.7 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a $75.00 dividend. This is an increase from TransDigm Group’s previous dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,545 shares of company stock worth $46,454,828. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Susquehanna increased their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating on the stock. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Bank of America boosted their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eight analysts have rated the stock with a hold rating and thirteen have issued 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 $1,438.24.

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.