Itau Unibanco Holding S.A. Buys Shares of 4,951 TransDigm Group Incorporated (NYSE:TDG)

Itau Unibanco Holding S.A. purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,951 shares of the aerospace company’s stock, valued at approximately $6,325,000.

A number of other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its position in TransDigm Group by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares during the last quarter. Team Hewins LLC grew its holdings in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors increased its position in TransDigm Group by 1.1% in the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 8 shares during the period. Bennett Selby Investments LP increased its position in TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 8 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in TransDigm Group by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TDG. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. KeyCorp raised their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Susquehanna upped their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Bank of America raised their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock valued at $46,454,828 in the last three months. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.3 %

Shares of TransDigm Group stock opened at $1,408.03 on Friday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,419.99. The firm has a market capitalization of $78.79 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The stock’s fifty day moving average is $1,294.01 and its 200-day moving average is $1,275.77.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company earned $6.55 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current year.

TransDigm Group Increases Dividend

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

About TransDigm Group

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.