Spyglass Capital Management LLC Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Spyglass Capital Management LLC decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 29.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,405 shares of the aerospace company’s stock after selling 10,291 shares during the period. TransDigm Group accounts for approximately 2.3% of Spyglass Capital Management LLC’s holdings, making the stock its 24th biggest holding. Spyglass Capital Management LLC’s holdings in TransDigm Group were worth $34,829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bennett Selby Investments LP boosted its holdings in shares of TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after purchasing an additional 8 shares during the period. Souders Financial Advisors boosted its holdings in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares during the period. Prosperity Financial Group Inc. boosted its holdings in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of TransDigm Group by 1.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after purchasing an additional 9 shares during the period. Finally, Csenge Advisory Group boosted its holdings in TransDigm Group by 0.3% during the 2nd quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after acquiring an additional 10 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on 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. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Morgan Stanley lifted their target price 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. Finally, Northcoast Research started coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Buying and Selling at TransDigm Group

In related 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 value of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This trade represents a 45.45 % 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 stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is currently owned by insiders.

TransDigm Group Trading Down 1.1 %

NYSE TDG opened at $1,249.33 on Friday. The stock has a market capitalization of $70.25 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 2.81 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The stock has a 50-day moving average of $1,349.97 and a 200 day moving average of $1,316.58.

TransDigm Group Increases Dividend

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

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.