National Bank of Canada FI Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

National Bank of Canada FI lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 47.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,834 shares of the aerospace company's stock after buying an additional 10,235 shares during the period. National Bank of Canada FI owned approximately 0.06% of TransDigm Group worth $45,431,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of TransDigm Group by 2.0% during the 2nd quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company's stock worth $715,000 after purchasing an additional 11 shares during the period. Dynamic Advisor Solutions LLC grew its position in TransDigm Group by 6.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,208 shares of the aerospace company's stock valued at $1,543,000 after buying an additional 75 shares during the period. Wedmont Private Capital grew its position in shares of TransDigm Group by 5.8% in the second quarter. Wedmont Private Capital now owns 713 shares of the aerospace company's stock valued at $886,000 after purchasing an additional 39 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after purchasing an additional 567 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of TransDigm Group by 44.1% in the second quarter. Great Valley Advisor Group Inc. now owns 1,241 shares of the aerospace company's stock worth $1,586,000 after buying an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $20.99 during midday trading on Monday, reaching $1,258.22. The stock had a trading volume of 243,457 shares, compared to its average volume of 227,214. The company has a market capitalization of $70.75 billion, a price-to-earnings ratio of 49.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.39. The stock has a 50-day moving average of $1,330.10 and a 200-day moving average of $1,315.24. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday. Jefferies Financial Group cut their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,464.00.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated 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 approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last 90 days. 4.96% of the stock is 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.