SeaCrest Wealth Management LLC Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

SeaCrest Wealth Management LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 580 shares of the aerospace company’s stock after acquiring an additional 17 shares during the period. SeaCrest Wealth Management LLC’s holdings in TransDigm Group were worth $828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors increased its holdings in TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Darsana Capital Partners LP acquired a new position in TransDigm Group during the 2nd quarter worth about $210,806,000. Argent Capital Management LLC acquired a new position in TransDigm Group during the 1st quarter worth about $75,910,000. Finally, Vanguard Group Inc. grew its position in TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after acquiring an additional 58,243 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the 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 completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,472 shares of company stock valued at $23,941,840. 4.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TDG has been the subject of several recent research reports. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Truist Financial increased their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,448.41.

TransDigm Group Trading Down 0.4 %

Shares of TDG stock opened at $1,384.32 on Thursday. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32. The business’s 50 day moving average is $1,350.09 and its two-hundred day moving average is $1,301.19. The company has a market capitalization of $77.67 billion, a P/E ratio of 51.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm posted $6.55 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

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.