Xponance Inc. Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Xponance Inc. boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,323 shares of the aerospace company’s stock after purchasing an additional 262 shares during the period. Xponance Inc.’s holdings in TransDigm Group were worth $10,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TDG. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of TransDigm Group by 0.8% during the first 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 period. Team Hewins LLC boosted its holdings in shares of TransDigm Group by 3.0% in the 1st 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 last quarter. Souders Financial Advisors boosted its holdings in shares of 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 last quarter. Bennett Selby Investments LP increased its stake in shares of TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in TransDigm Group by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock valued at $1,131,000 after purchasing 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

TDG has been the topic of several research reports. Bank of America raised their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Truist Financial upped their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s 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 transaction of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock worth $46,454,828 in the last ninety days. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TDG opened at $1,417.98 on Tuesday. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,423.02. The stock has a market cap of $79.35 billion, a P/E ratio of 56.25, a P/E/G ratio of 2.16 and a beta of 1.42. The stock’s 50 day simple moving average is $1,297.53 and its 200 day simple moving average is $1,278.23.

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

TransDigm Group Increases Dividend

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

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.