Susquehanna Fundamental Investments LLC Makes New $12.44 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Susquehanna Fundamental Investments LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,739 shares of the aerospace company’s stock, valued at approximately $12,443,000.

A number of other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $291,000. Orion Portfolio Solutions LLC lifted its position in shares of TransDigm Group by 22.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock valued at $592,000 after acquiring an additional 110 shares in the last quarter. Stifel Financial Corp lifted its position in shares of TransDigm Group by 10.7% in the fourth quarter. Stifel Financial Corp now owns 46,669 shares of the aerospace company’s stock valued at $47,210,000 after acquiring an additional 4,494 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of TransDigm Group by 229.8% in the fourth quarter. Bank of Nova Scotia now owns 16,851 shares of the aerospace company’s stock valued at $17,046,000 after acquiring an additional 11,741 shares in the last quarter. Finally, Cloverfields Capital Group LP increased its stake in TransDigm Group by 4.6% in the fourth quarter. Cloverfields Capital Group LP now owns 4,096 shares of the aerospace company’s stock valued at $4,144,000 after purchasing an additional 182 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,402.36 on Friday. The company 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 one year low of $802.46 and a one year high of $1,433.03. The stock has a 50-day moving average price of $1,307.05 and a 200 day moving average price of $1,281.87.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.55 earnings per share. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 30.7 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $75.00 per share. The ex-dividend date is Friday, October 4th. This is an increase from TransDigm Group’s previous dividend of $32.50.

Analysts Set New Price Targets

Several brokerages have commented on TDG. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley upped their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus upped their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Susquehanna upped their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred 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 transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the 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 value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock valued at $46,454,828 in the last quarter. Insiders own 4.96% of the company’s stock.

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.