Miura Global Management LLC Has $2.85 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Miura Global Management LLC cut its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 50.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the aerospace company's stock after selling 2,000 shares during the quarter. TransDigm Group accounts for 3.3% of Miura Global Management LLC's portfolio, making the stock its 11th biggest holding. Miura Global Management LLC's holdings in TransDigm Group were worth $2,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group in the second quarter worth about $210,806,000. International Assets Investment Management LLC raised its position in shares of TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after purchasing an additional 48,833 shares during the period. Point72 Asset Management L.P. increased its position in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock valued at $60,136,000 after acquiring an additional 48,769 shares during the period. FMR LLC increased its position in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after acquiring an additional 43,604 shares during the period. Finally, Citigroup Inc. boosted its stake in TransDigm Group by 36.9% during the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company's stock valued at $172,506,000 after purchasing an additional 32,609 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 3.8 %

TDG traded up $47.87 on Wednesday, hitting $1,306.58. The company had a trading volume of 347,049 shares, compared to its average volume of 226,267. The firm has a market cap of $73.47 billion, a P/E ratio of 49.89, a PEG ratio of 2.84 and a beta of 1.39. The company's fifty day moving average price is $1,340.50 and its 200 day moving average price is $1,316.46. TransDigm Group Incorporated has a 1 year low of $950.93 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The company 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 of this dividend was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

Analyst Ratings Changes

Several research firms have recently weighed in on TDG. KeyCorp raised their price objective 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. UBS Group decreased their price objective on 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. Citigroup dropped their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,461.82.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a 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 that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by 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.