EP Wealth Advisors LLC Buys 65 Shares of TransDigm Group Incorporated (NYSE:TDG)

EP Wealth Advisors LLC increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,115 shares of the aerospace company’s stock after buying an additional 65 shares during the period. EP Wealth Advisors LLC’s holdings in TransDigm Group were worth $7,813,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TDG. Fortitude Family Office LLC raised its holdings in shares of TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC purchased a new stake in TransDigm Group in the first quarter worth $30,000. Meeder Asset Management Inc. raised its stake in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the 1st quarter valued at $39,000. Finally, Crewe Advisors LLC bought a new position in shares of TransDigm Group during the 1st quarter worth $46,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.7 %

Shares of NYSE TDG opened at $1,427.13 on Tuesday. The business has a 50-day moving average of $1,313.75 and a 200-day moving average of $1,286.70. The firm has a market capitalization of $80.08 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 2.21 and a beta of 1.42. 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 released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business 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 business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.55 EPS. On average, analysts predict that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction 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 directly owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock worth $46,454,828 over the last 90 days. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of several recent research reports. JPMorgan Chase & Co. upped 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 report on Wednesday, September 4th. 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 note on Wednesday, August 7th. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Susquehanna raised their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus lifted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company 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, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group 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.