Quarry LP Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Quarry LP boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 775.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140 shares of the aerospace company’s stock after buying an additional 124 shares during the quarter. Quarry LP’s holdings in TransDigm Group were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the period. ORG Partners LLC purchased a new stake in shares of TransDigm Group during the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. lifted its position in shares of TransDigm Group by 275.0% during the second 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 bought a new position in shares of TransDigm Group in the first quarter worth $39,000. Finally, Crewe Advisors LLC purchased a new position in shares of TransDigm Group in the first quarter valued at $46,000. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’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 completion of the sale, the chief executive officer now directly 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 sold 36,545 shares of company stock valued at $46,454,828 in the last quarter. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TDG. 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 note on Wednesday, August 7th. Jefferies Financial Group cut 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. Truist Financial boosted their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Up 1.7 %

Shares of NYSE:TDG opened at $1,427.13 on Tuesday. The stock has a market cap of $80.08 billion, a PE ratio of 56.61, a PEG ratio of 2.21 and a beta of 1.42. The company’s fifty day moving average is $1,313.75 and its 200 day moving average is $1,286.70. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week 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 for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 EPS. TransDigm Group’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group Incorporated will post 30.7 EPS for the current year.

TransDigm Group Increases Dividend

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

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.