TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239 shares of the aerospace company’s stock after purchasing an additional 13 shares during the quarter. Daymark Wealth Partners LLC’s holdings in TransDigm Group were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TDG. Darsana Capital Partners LP acquired a new position in TransDigm Group during the 2nd quarter worth approximately $210,806,000. APG Asset Management N.V. lifted its position in shares of TransDigm Group by 2.0% during the second quarter. APG Asset Management N.V. now owns 144,536 shares of the aerospace company’s stock worth $172,298,000 after purchasing an additional 2,785 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of TransDigm Group by 8.5% in the second quarter. AQR Capital Management LLC now owns 29,359 shares of the aerospace company’s stock valued at $37,510,000 after purchasing an additional 2,289 shares during the period. Alpha DNA Investment Management LLC acquired a new stake in TransDigm Group during the 2nd quarter valued at $313,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in TransDigm Group during the 2nd quarter worth $851,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were 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 directly owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,545 shares of company stock valued at $46,454,828. Insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. UBS Group cut their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Susquehanna raised their price target on shares of 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, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Trading Up 0.1 %

Shares of TransDigm Group stock opened at $1,402.88 on Friday. The stock has a market capitalization of $78.72 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 2.24 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,433.03. The business’s 50 day simple moving average is $1,310.33 and its 200-day simple moving average is $1,283.61.

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

TransDigm Group Increases Dividend

The company also recently declared 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 of this dividend is Friday, October 4th. This is a positive change from TransDigm Group’s previous dividend of $32.50.

TransDigm Group Company 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.