New England Research & Management Inc. Purchases 77 Shares of TransDigm Group Incorporated (NYSE:TDG)

New England Research & Management Inc. boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 752 shares of the aerospace company’s stock after acquiring an additional 77 shares during the period. New England Research & Management Inc.’s holdings in TransDigm Group were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after acquiring an additional 58,243 shares during the last quarter. Capital World Investors grew its position in TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Capital Research Global Investors increased its position in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after purchasing an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in TransDigm Group by 2.6% during the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock worth $467,282,000 after purchasing an additional 9,180 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley increased 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 report on Wednesday, August 7th. Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Truist Financial lifted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group dropped 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,441.35.

TransDigm Group Price Performance

TDG stock traded up $1.09 during midday trading on Monday, hitting $1,356.55. 139,472 shares of the stock traded hands, compared to its average volume of 219,568. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32. The firm has a market cap of $75.91 billion, a P/E ratio of 53.81, a PEG ratio of 1.87 and a beta of 1.43. The stock’s fifty day simple moving average is $1,326.86 and its 200-day simple moving average is $1,292.90.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business earned $6.55 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict 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 special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,545 shares of company stock worth $46,454,828. 4.96% of the stock is currently owned by company insiders.

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.