Centaurus Financial Inc. Has $2.75 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Centaurus Financial Inc. lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,924 shares of the aerospace company’s stock after selling 158 shares during the period. Centaurus Financial Inc.’s holdings in TransDigm Group were worth $2,746,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC raised 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 valued at $29,000 after acquiring an additional 17 shares during the period. First Personal Financial Services purchased a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. raised its stake in TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the period. DT Investment Partners LLC lifted its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group in the second quarter worth $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TDG. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Citigroup dropped their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the 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 sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,260.32 on Friday. The stock’s 50 day simple moving average is $1,359.76 and its 200 day simple moving average is $1,318.25. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.19 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently disclosed 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 boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.