TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Crow s Nest Holdings LP

Crow s Nest Holdings LP lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,500 shares of the aerospace company’s stock after selling 7,500 shares during the quarter. TransDigm Group makes up 9.0% of Crow s Nest Holdings LP’s holdings, making the stock its 7th biggest position. Crow s Nest Holdings LP owned about 0.06% of TransDigm Group worth $40,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brevan Howard Capital Management LP bought a new position in TransDigm Group during the 4th quarter worth $1,909,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares in the last quarter. UBS Group AG boosted its stake in shares of TransDigm Group by 9.4% during the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after purchasing an additional 3,120 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of TransDigm Group by 26.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of TransDigm Group by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.7 %

NYSE TDG opened at $1,417.98 on Tuesday. The company has a market cap of $79.35 billion, a price-to-earnings ratio of 56.25, a P/E/G ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,423.02. The business has a 50 day moving average price of $1,297.53 and a 200-day moving average price of $1,278.23.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.55 earnings per share. On average, equities 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 disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued 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.

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 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 sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the company’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 completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction on 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 sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock worth $46,454,828 over the last quarter. 4.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on TDG shares. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Susquehanna lifted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. 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 note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Company 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.