Interval Partners LP Makes New $10.41 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Interval Partners LP purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,149 shares of the aerospace company’s stock, valued at approximately $10,411,000.

A number of other institutional investors also recently modified their holdings of TDG. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 valued at $1,190,000 after acquiring an additional 8 shares during the period. Team Hewins LLC raised its stake in shares of TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 8 shares during the period. Souders Financial Advisors lifted its holdings in 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 boosted its stake in 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. Finally, Checchi Capital Advisers LLC grew its holdings in TransDigm Group by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 1.3 %

Shares of NYSE:TDG opened at $1,408.03 on Monday. The company’s fifty day moving average is $1,294.01 and its 200 day moving average is $1,276.52. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,419.99. The stock has a market cap of $78.79 billion, a PE ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 EPS. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TDG shares. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Morgan Stanley upped their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Bank of America raised their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were 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 owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $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 over the last three months. 4.96% of the stock is owned by company insiders.

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.