Prospera Financial Services Inc Invests $207,000 in TransDigm Group Incorporated (NYSE:TDG)

Prospera Financial Services Inc purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 145 shares of the aerospace company’s stock, valued at approximately $207,000.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares in the last quarter. First Personal Financial Services bought a new position in TransDigm Group during the third quarter valued at $29,000. Meeder Asset Management Inc. grew 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. DT Investment Partners LLC increased its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,261.52 on Tuesday. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The firm has a market capitalization of $70.94 billion, a price-to-earnings ratio of 49.28, a PEG ratio of 2.84 and a beta of 1.43. The stock has a 50 day moving average price of $1,357.52 and a 200 day moving average price of $1,317.87.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on 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. Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. UBS Group lowered their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Citigroup dropped their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. Company insiders own 4.96% of the company’s stock.

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.