Shira Ridge Wealth Management Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Shira Ridge Wealth Management cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 58.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406 shares of the aerospace company’s stock after selling 565 shares during the period. Shira Ridge Wealth Management’s holdings in TransDigm Group were worth $579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of TransDigm Group by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after buying an additional 8 shares during the last quarter. Team Hewins LLC raised its holdings in shares of TransDigm Group by 3.0% in the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after buying an additional 8 shares during the last quarter. Souders Financial Advisors raised its holdings in shares of TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares during the last quarter. Bennett Selby Investments LP raised its holdings in shares of TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after buying an additional 8 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in shares of TransDigm Group by 1.2% in the first quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after buying an additional 9 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

TDG stock opened at $1,410.42 on Friday. The company’s 50 day simple moving average is $1,339.33 and its 200-day simple moving average is $1,297.76. The firm has a market capitalization of $79.14 billion, a PE ratio of 52.18, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $811.42 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.55 earnings per share. 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 will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a $75.00 dividend. The ex-dividend date is Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group cut their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,441.35.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,545 shares of company stock worth $33,968,828 in the last quarter. 4.96% of the stock is owned by insiders.

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.