TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,014 shares of the aerospace company’s stock after purchasing an additional 25 shares during the period. Summit Trail Advisors LLC’s holdings in TransDigm Group were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in TransDigm Group by 1.0% in 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 buying an additional 58,243 shares in the last quarter. Capital World Investors lifted 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 acquiring an additional 442,182 shares during the period. Capital Research Global Investors lifted 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 acquiring an additional 30,393 shares during the period. JPMorgan Chase & Co. lifted 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 acquiring an additional 192,962 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after purchasing an additional 1,035 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. 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 TransDigm Group 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 directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.3 %

Shares of TDG opened at $1,408.03 on Friday. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,419.99. The company’s fifty day moving average is $1,294.01 and its 200-day moving average is $1,275.77. The firm has a market cap of $78.79 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm earned $6.55 EPS. TransDigm Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, research analysts predict that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms have commented on TDG. Susquehanna lifted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.