Benjamin Edwards Inc. Buys New Position in TransDigm Group Incorporated (NYSE:TDG)

Benjamin Edwards Inc. bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,086 shares of the aerospace company's stock, valued at approximately $1,550,000.

Several other institutional investors have also recently made changes to their positions in TDG. First Personal Financial Services bought a new stake in TransDigm Group during the 3rd quarter valued at $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the 3rd quarter worth $29,000. DT Investment Partners LLC lifted its position in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after acquiring an additional 11 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of TransDigm Group by 275.0% in 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 last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in TransDigm Group during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday. KeyCorp raised their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Jefferies Financial Group reduced their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average target price of $1,464.00.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $24.73 on Friday, hitting $1,268.13. The company's stock had a trading volume of 155,068 shares, compared to its average volume of 226,549. The company has a market capitalization of $71.31 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39. TransDigm Group Incorporated has a 12 month low of $965.69 and a 12 month high of $1,451.32. The stock's 50-day moving average is $1,335.99 and its two-hundred day moving average is $1,316.22.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a dividend of $75.00 per share. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. 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.