MBB Public Markets I LLC Purchases 3,686 Shares of TransDigm Group Incorporated (NYSE:TDG)

MBB Public Markets I LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1,232.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,985 shares of the aerospace company’s stock after buying an additional 3,686 shares during the quarter. MBB Public Markets I LLC’s holdings in TransDigm Group were worth $5,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. Whittier Trust Co. of Nevada Inc. grew 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 acquiring an additional 8 shares in the last quarter. Team Hewins LLC grew its position 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 purchasing an additional 8 shares in the last quarter. Souders Financial Advisors increased its stake 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 buying an additional 8 shares during the last quarter. Bennett Selby Investments LP lifted its position in 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 buying an additional 8 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of 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 buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was 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 directly owns 3,600 shares in the company, valued at approximately $4,469,760. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock worth $46,454,828 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Up 0.1 %

Shares of NYSE:TDG opened at $1,402.36 on Friday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,433.03. The business has a 50 day moving average of $1,307.05 and a 200-day moving average of $1,281.87. The stock has a market cap of $78.69 billion, a PE ratio of 55.63, a P/E/G ratio of 2.24 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $6.55 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TDG. Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Truist Financial increased their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company dropped their price target 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.