TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 665 shares of the aerospace company’s stock after selling 65 shares during the period. Signaturefd LLC’s holdings in TransDigm Group were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Whittier Trust Co. of Nevada Inc. raised its stake in shares of TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares in the last quarter. Team Hewins LLC lifted its holdings in 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 acquiring an additional 8 shares during the period. Souders Financial Advisors boosted its position in shares of TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares in the last quarter. Bennett Selby Investments LP grew its stake in shares of TransDigm Group by 2.4% during 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. Finally, Meeder Advisory Services Inc. increased its holdings in shares of TransDigm Group by 1.2% in the 1st quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,357.59 on Thursday. The firm’s 50-day simple moving average is $1,363.90 and its 200-day simple moving average is $1,306.84. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32. The firm has a market cap of $75.97 billion, a P/E ratio of 53.85, a PEG ratio of 1.88 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company 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%. TransDigm Group’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.55 earnings per share. Analysts expect 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 was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Activity

In related news, 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 transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s 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 directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock valued at $35,823,485 in the last three months. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Morgan Stanley boosted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,448.41.

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.