TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Souders Financial Advisors

Souders Financial Advisors lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 789 shares of the aerospace company’s stock after acquiring an additional 22 shares during the period. Souders Financial Advisors’ holdings in TransDigm Group were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Orion Portfolio Solutions LLC lifted its position in TransDigm Group by 22.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 110 shares during the period. Rathbones Group PLC acquired a new stake in TransDigm Group in the fourth quarter worth approximately $207,000. NEOS Investment Management LLC acquired a new stake in TransDigm Group in the fourth quarter worth approximately $792,000. Rafferty Asset Management LLC lifted its position in TransDigm Group by 7.1% in the fourth quarter. Rafferty Asset Management LLC now owns 10,123 shares of the aerospace company’s stock worth $10,240,000 after purchasing an additional 675 shares during the period. Finally, Gardner Lewis Asset Management L P lifted its position in TransDigm Group by 6.2% in the fourth quarter. Gardner Lewis Asset Management L P now owns 8,408 shares of the aerospace company’s stock worth $8,506,000 after purchasing an additional 491 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on 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 directly owns 8,158 shares in the company, valued at $10,186,078.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock worth $46,454,828 over the last three months. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 1.7 %

Shares of NYSE:TDG opened at $1,427.13 on Tuesday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,433.03. The stock has a market cap of $80.08 billion, a PE ratio of 56.61, a P/E/G ratio of 2.21 and a beta of 1.42. The business has a 50 day moving average of $1,313.75 and a 200-day moving average of $1,286.70.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $6.55 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Equities research analysts expect that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Truist Financial upped their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

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.