Brophy Wealth Management LLC Invests $1.13 Million in TransDigm Group Incorporated (NYSE:TDG)

Brophy Wealth Management LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 788 shares of the aerospace company's stock, valued at approximately $1,125,000.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. First Personal Financial Services purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. DT Investment Partners LLC grew its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Meeder Asset Management Inc. grew 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 during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

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 transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. Company insiders own 4.96% of the company's stock.

TransDigm Group Trading Up 0.2 %

Shares of NYSE TDG traded up $3.08 during trading on Tuesday, reaching $1,261.57. The company had a trading volume of 167,506 shares, compared to its average volume of 226,978. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The stock has a market capitalization of $70.94 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.93 and a beta of 1.39. The stock has a 50-day moving average price of $1,330.10 and a two-hundred day moving average price of $1,315.24.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Jefferies Financial Group decreased their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Finally, StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday. Seven 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 currently has an average rating of "Moderate Buy" and a consensus target price of $1,464.00.

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.