Crossmark Global Holdings Inc. Decreases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Crossmark Global Holdings Inc. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,150 shares of the aerospace company's stock after selling 447 shares during the period. Crossmark Global Holdings Inc.'s holdings in TransDigm Group were worth $3,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock worth $7,447,587,000 after buying an additional 58,243 shares during the period. Capital World Investors grew its stake in shares of TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. Capital Research Global Investors increased its position in shares of TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company's stock worth $2,420,882,000 after acquiring an additional 30,393 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock valued at $2,056,109,000 after acquiring an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company's stock valued at $467,282,000 after purchasing an additional 9,180 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG traded down $24.34 during mid-day trading on Tuesday, reaching $1,350.42. 62,479 shares of the company's stock were exchanged, compared to its average volume of 216,024. The business's fifty day simple moving average is $1,368.17 and its 200-day simple moving average is $1,318.02. The stock has a market capitalization of $75.77 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

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

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of the firm'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 completion of the sale, the director now owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Insiders own 4.96% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the topic of a number of analyst reports. Northcoast Research assumed coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a "neutral" rating on the stock. UBS Group reduced 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 report on Wednesday, August 7th. Susquehanna boosted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. Morgan Stanley raised their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group decreased 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. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

TransDigm Group 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.