Townsquare Capital LLC Acquires 255 Shares of TransDigm Group Incorporated (NYSE:TDG)

Townsquare Capital LLC grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 25.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,276 shares of the aerospace company’s stock after purchasing an additional 255 shares during the period. Townsquare Capital LLC’s holdings in TransDigm Group were worth $1,821,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. First Personal Financial Services bought a new stake in TransDigm Group during the third quarter worth about $29,000. Fortitude Family Office LLC boosted its holdings 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 buying an additional 17 shares during the last quarter. DT Investment Partners LLC grew its stake in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares in the last quarter. Meeder Asset Management Inc. grew its stake 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 buying an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in TransDigm Group during the second quarter worth $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.3 %

Shares of TDG opened at $1,252.97 on Monday. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The firm’s 50 day moving average is $1,346.89 and its 200-day moving average is $1,316.87. The stock has a market capitalization of $70.45 billion, a PE ratio of 48.94, a P/E/G ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 research report on Wednesday, August 7th. Finally, Citigroup decreased their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

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.