Miracle Mile Advisors LLC Purchases 279 Shares of TransDigm Group Incorporated (NYSE:TDG)

Miracle Mile Advisors LLC raised its position in TransDigm Group Incorporated (NYSE:TDG) by 47.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 870 shares of the aerospace company’s stock after buying an additional 279 shares during the quarter. Miracle Mile Advisors LLC’s holdings in TransDigm Group were worth $1,242,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of 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 purchasing an additional 17 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of TransDigm Group in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. boosted its stake in shares of TransDigm Group by 275.0% in the 2nd 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 acquired a new stake in shares of TransDigm Group in the 1st quarter valued at approximately $39,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group in the 2nd quarter valued at approximately $41,000. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Truist Financial lifted their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. UBS Group cut 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. JPMorgan Chase & Co. lifted their target price on shares of 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, Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,441.35.

TransDigm Group Price Performance

Shares of TDG opened at $1,356.55 on Tuesday. The firm’s 50 day simple moving average is $1,326.86 and its 200 day simple moving average is $1,292.90. The company has a market capitalization of $75.91 billion, a P/E ratio of 53.81, a P/E/G ratio of 1.87 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $6.55 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a $75.00 dividend. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,186,078.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. 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 in the last quarter. 4.96% of the stock is owned by 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.