4,600 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Appian Way Asset Management LP

Appian Way Asset Management LP bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,600 shares of the aerospace company’s stock, valued at approximately $6,565,000. TransDigm Group makes up approximately 1.5% of Appian Way Asset Management LP’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of TDG. Wealth Enhancement Advisory Services LLC grew its holdings in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after purchasing an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after buying an additional 789 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock valued at $4,945,000 after acquiring an additional 1,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in TransDigm Group by 130.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock worth $35,981,000 after acquiring an additional 16,578 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of 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. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Jefferies Financial Group cut their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. 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 report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 sale, the director now owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last quarter. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Trading Up 0.4 %

Shares of TransDigm Group stock opened at $1,254.45 on Friday. The company has a market cap of $70.54 billion, a P/E ratio of 49.00, a PEG ratio of 2.81 and a beta of 1.43. The business has a 50-day moving average price of $1,346.89 and a two-hundred day moving average price of $1,316.40. TransDigm Group Incorporated has a 1-year low of $949.99 and a 1-year high of $1,451.32.

TransDigm Group Increases Dividend

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

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.