Park Avenue Securities LLC Trims Holdings in TransDigm Group Incorporated (NYSE:TDG)

Park Avenue Securities LLC cut its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 713 shares of the aerospace company’s stock after selling 64 shares during the quarter. Park Avenue Securities LLC’s holdings in TransDigm Group were worth $1,018,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC raised its holdings 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 last quarter. ORG Partners LLC acquired a new position in TransDigm Group in the first quarter valued at $30,000. Meeder Asset Management Inc. lifted its position in 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 buying an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new stake in TransDigm Group in the 1st quarter worth about $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several research analyst reports. Truist Financial raised 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 lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group dropped their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Northcoast Research started coverage on TransDigm Group in a research note 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,441.35.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,375.62 on Wednesday. TransDigm Group Incorporated has a 12-month low of $811.42 and a 12-month high of $1,451.32. The company has a market capitalization of $77.19 billion, a price-to-earnings ratio of 54.57, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. The firm’s fifty day moving average price is $1,329.27 and its 200 day moving average price is $1,293.77.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $6.55 earnings per share. Analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by corporate insiders.

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.