TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,347 shares of the aerospace company's stock after selling 500 shares during the period. Kornitzer Capital Management Inc. KS's holdings in TransDigm Group were worth $3,349,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TDG. Capital World Investors increased its position in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock valued at $4,354,369,000 after acquiring an additional 442,182 shares during the period. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 13.1% in the 1st 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 during the period. Darsana Capital Partners LP acquired a new position in shares of TransDigm Group in the 2nd quarter valued at $210,806,000. Vanguard Group Inc. boosted its holdings in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock valued at $69,755,000 after purchasing an additional 48,833 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on TDG. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. UBS Group lowered their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a "neutral" rating on the stock. Finally, KeyCorp increased their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,461.82.

TransDigm Group Price Performance

TransDigm Group stock traded up $21.59 during midday trading on Friday, reaching $1,350.98. The company had a trading volume of 245,453 shares, compared to its average volume of 216,725. The company has a market capitalization of $75.80 billion, a P/E ratio of 49.18, a P/E/G ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $935.84 and a 12-month high of $1,451.32. The firm's fifty day simple moving average is $1,369.27 and its 200-day simple moving average is $1,315.00.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group's quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $6.55 EPS. On average, analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

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 issued a $75.00 dividend. 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 TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,944 shares of company stock worth $35,823,485. Insiders own 4.96% of the company's stock.

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.