Ieq Capital LLC Has $2.94 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Ieq Capital LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,302 shares of the aerospace company’s stock after acquiring an additional 320 shares during the period. Ieq Capital LLC’s holdings in TransDigm Group were worth $2,942,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC grew its stake in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares in the last quarter. ORG Partners LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. increased its holdings in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the first quarter valued at approximately $39,000. Finally, Crewe Advisors LLC bought a new stake in shares of TransDigm Group in the first quarter valued at approximately $46,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,545 shares of company stock valued at $46,454,828. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,408.03 on Friday. The business has a 50 day moving average of $1,294.01 and a 200-day moving average of $1,275.77. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,419.99. The company has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a P/E/G ratio of 2.16 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. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Northcoast Research initiated coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Bank of America upped their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company decreased their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group decreased their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

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.