173 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 173 shares of the aerospace company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Fortitude Family Office LLC raised its holdings in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares during the period. ORG Partners LLC acquired a new stake in shares of TransDigm Group in the 1st quarter valued at about $30,000. Meeder Asset Management Inc. lifted its holdings in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of TransDigm Group during the first quarter worth about $39,000. Finally, Hershey Financial Advisers LLC bought a new position in shares of TransDigm Group during the second quarter worth about $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Truist Financial raised their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group decreased their price objective on 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. Finally, Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research 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 company. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,448.41.

TransDigm Group Price Performance

TDG stock opened at $1,402.59 on Friday. The stock has a market cap of $78.70 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. The company has a fifty day moving average price of $1,353.52 and a two-hundred day moving average price of $1,301.89. TransDigm Group Incorporated has a one year low of $811.42 and a one year high of $1,451.32.

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 analysts’ consensus estimates 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 analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $6.55 EPS. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. Research analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,944 shares of company stock valued at $35,823,485. 4.96% of the stock is currently owned by corporate insiders.

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.