GAMMA Investing LLC Buys 86 Shares of TransDigm Group Incorporated (NYSE:TDG)

GAMMA Investing LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 17.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 592 shares of the aerospace company’s stock after acquiring an additional 86 shares during the quarter. GAMMA Investing LLC’s holdings in TransDigm Group were worth $845,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its stake in 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 in the last quarter. ORG Partners LLC purchased a new position in TransDigm Group in the first quarter worth about $30,000. Meeder Asset Management Inc. lifted 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 worth $38,000 after buying an additional 22 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of TransDigm Group during the first quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group during the second quarter valued at approximately $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’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 transaction 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 $10,186,078.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,469,760. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock worth $46,454,828 over the last quarter. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TDG opened at $1,375.62 on Wednesday. The company has a 50 day simple moving average of $1,329.27 and a two-hundred day simple moving average of $1,293.77. The firm has a market cap of $77.19 billion, a P/E ratio of 54.57, a PEG ratio of 1.76 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $6.55 earnings per share. Equities analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on TDG. Susquehanna upped their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Morgan Stanley boosted their target price on 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. JPMorgan Chase & Co. raised their price target 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. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,441.35.

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.