Susquehanna Fundamental Investments LLC Acquires Shares of 9,739 TransDigm Group Incorporated (NYSE:TDG)

Susquehanna Fundamental Investments LLC acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,739 shares of the aerospace company’s stock, valued at approximately $12,443,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of TransDigm Group during the 1st quarter worth about $30,000. Meeder Asset Management Inc. raised its position in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group during the 1st quarter worth about $39,000. Finally, Crewe Advisors LLC acquired a new stake in shares of TransDigm Group during the 1st quarter worth about $46,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.1 %

NYSE:TDG opened at $1,402.36 on Friday. The firm has a market cap of $78.69 billion, a P/E ratio of 55.63, a PEG ratio of 2.24 and a beta of 1.42. The stock’s 50 day simple moving average is $1,307.05 and its 200-day simple moving average is $1,281.87. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,433.03.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.55 earnings per share. Research analysts forecast that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the topic of several research analyst reports. UBS Group cut their target price on 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. Morgan Stanley raised their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus lifted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. 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 MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred 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 directly owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred 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 directly owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $12,486,000.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $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 over the last three months. 4.96% of the stock is currently owned by corporate insiders.

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.