27,500 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,500 shares of the aerospace company’s stock, valued at approximately $35,134,000.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in TransDigm Group by 68.2% during the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after purchasing an additional 3,458 shares during the period. Brevan Howard Capital Management LP acquired a new position in TransDigm Group in the 4th quarter valued at about $1,909,000. Wealth Enhancement Advisory Services LLC raised its stake in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after acquiring an additional 567 shares during the last quarter. UBS Group AG lifted its position in TransDigm Group by 9.4% during the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after acquiring an additional 3,120 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of TransDigm Group by 26.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,408.03 on Monday. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,419.99. The stock has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. The company has a 50 day moving average price of $1,294.01 and a two-hundred day moving average price of $1,276.52.

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

TransDigm Group Increases Dividend

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

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TDG shares. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. UBS Group dropped their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Truist Financial lifted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,438.24.

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.