199 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 199 shares of the aerospace company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC grew its holdings in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group in the first quarter worth approximately $30,000. Meeder Asset Management Inc. lifted its holdings 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 valued at $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the first quarter valued at approximately $39,000. Finally, Crewe Advisors LLC bought a new stake in TransDigm Group during the first quarter worth $46,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.3 %

TransDigm Group stock opened at $1,408.03 on Friday. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. The business has a 50-day simple moving average of $1,294.01 and a 200 day simple moving average of $1,275.77. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,419.99.

TransDigm Group (NYSE:TDG) last posted 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 net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $6.55 earnings per share. TransDigm Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

TransDigm Group Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on TDG shares. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Jefferies Financial Group reduced their price objective 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. UBS Group dropped 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 report on Wednesday, August 7th. Finally, Wells Fargo & Company reduced 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 report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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 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 transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on 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 in the company, valued at $4,469,760. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock valued at $46,454,828 over the last 90 days. Insiders own 4.96% of the company’s stock.

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.