Ninepoint Partners LP Has $813,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Ninepoint Partners LP reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 16.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 636 shares of the aerospace company’s stock after selling 128 shares during the period. Ninepoint Partners LP’s holdings in TransDigm Group were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new stake in shares of TransDigm Group in the 4th quarter valued at approximately $1,909,000. Wealth Enhancement Advisory Services LLC boosted its position in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after buying an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after buying an additional 789 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in TransDigm Group by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock worth $161,523,000 after buying an additional 1,142 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in TransDigm Group by 35.7% during the 1st quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock worth $87,297,000 after buying an additional 18,655 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.1 %

NYSE:TDG opened at $1,402.36 on Friday. The company has a fifty day moving average of $1,307.05 and a 200-day moving average of $1,281.87. The firm has a market capitalization of $78.69 billion, a P/E ratio of 55.63, a P/E/G ratio of 2.24 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,433.03.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s revenue for the quarter 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, analysts anticipate that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on TDG. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction on 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction on 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly 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. In the last 90 days, insiders sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is owned by company insiders.

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.