Alpha DNA Investment Management LLC Buys Shares of 245 TransDigm Group Incorporated (NYSE:TDG)

Alpha DNA Investment Management LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, Holdings Channel reports. The firm bought 245 shares of the aerospace company’s stock, valued at approximately $313,000.

Several other hedge funds have also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares in the last quarter. ORG Partners LLC bought a new stake in TransDigm Group during the 1st quarter valued at $30,000. Meeder Asset Management Inc. raised its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the 1st quarter worth $39,000. Finally, Crewe Advisors LLC bought a new stake in shares of TransDigm Group in the 1st quarter worth $46,000. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the 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 value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock valued at $46,454,828 over the last quarter. Insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TDG shares. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Stifel Nicolaus boosted their price objective 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. Jefferies Financial Group dropped their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

TransDigm Group Trading Up 0.2 %

Shares of TDG stock opened at $1,424.06 on Thursday. The stock’s fifty day simple moving average is $1,300.33 and its 200-day simple moving average is $1,280.03. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,433.03. The company has a market capitalization of $79.90 billion, a price-to-earnings ratio of 56.49, a P/E/G ratio of 2.23 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its 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 negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts predict that TransDigm Group Incorporated will post 30.7 EPS for the current 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 paid 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.

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.