Susquehanna Fundamental Investments LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) 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 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.
Get Our Latest Report on TransDigm Group
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.
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