Surience Private Wealth LLC Makes New $4.01 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Surience Private Wealth LLC acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,808 shares of the aerospace company’s stock, valued at approximately $4,007,000. TransDigm Group makes up approximately 4.1% of Surience Private Wealth LLC’s holdings, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC purchased a new stake in TransDigm Group during the first quarter worth about $30,000. Meeder Asset Management Inc. grew its position in TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division purchased a new position in TransDigm Group in the first quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock worth $35,823,485 over the last three months. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Down 2.9 %

TDG stock traded down $40.64 during mid-day trading on Tuesday, hitting $1,346.22. 58,184 shares of the company were exchanged, compared to its average volume of 215,445. The firm has a fifty day simple moving average of $1,359.59 and a 200 day simple moving average of $1,305.67. The company has a market capitalization of $75.33 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Analysts Set New Price Targets

A number of analysts have commented on the company. Northcoast Research assumed coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their price target 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 investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,448.41.

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.