Ascent Group LLC Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

Ascent Group LLC grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018 shares of the aerospace company’s stock after purchasing an additional 26 shares during the period. Ascent Group LLC’s holdings in TransDigm Group were worth $1,301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares in the last quarter. Capital World Investors grew its position in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares in the last quarter. Capital Research Global Investors grew its position in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after purchasing an additional 9,180 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated 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 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. Over the last ninety days, insiders sold 36,545 shares of company stock valued at $46,454,828. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 1.7 %

Shares of NYSE:TDG opened at $1,427.13 on Tuesday. The company has a market cap of $80.08 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.42. The company has a 50-day moving average price of $1,313.75 and a 200-day moving average price of $1,286.70. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,433.03.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.55 earnings per share. As a group, research analysts forecast that TransDigm Group Incorporated will post 30.7 EPS 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 paid a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous dividend of $32.50. The ex-dividend date is Friday, October 4th.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley upped their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus upped their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.