TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,830 shares of the aerospace company’s stock after selling 1,086 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of TransDigm Group worth $52,165,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after acquiring an additional 3,120 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in TransDigm Group during the 4th quarter worth about $291,000. Corient Private Wealth LLC raised its stake in shares of TransDigm Group by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock valued at $13,886,000 after buying an additional 429 shares during the last quarter. Commerce Bank raised its stake in shares of TransDigm Group by 27.5% during the 4th quarter. Commerce Bank now owns 2,230 shares of the aerospace company’s stock valued at $2,256,000 after buying an additional 481 shares during the last quarter. Finally, Team Hewins LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at about $270,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on 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. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Susquehanna raised their price target on shares of 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. Bank of America lifted their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, UBS Group lowered their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Eight 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 an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on 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 directly owns 3,600 shares in the company, valued at approximately $4,469,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. 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 in the last quarter. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,408.03 on Friday. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,419.99. The company has a 50 day moving average price of $1,294.01 and a 200 day moving average price of $1,275.77. The stock has a market capitalization of $78.79 billion, a P/E ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its earnings results 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. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.55 EPS. Research analysts forecast that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

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.