Nomura Asset Management Co. Ltd. Buys 1,086 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,323 shares of the aerospace company's stock after acquiring an additional 1,086 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in TransDigm Group were worth $23,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after acquiring an additional 567 shares during the last quarter. 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 during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock worth $4,888,000 after buying an additional 789 shares during the period. Red Door Wealth Management LLC grew its stake in TransDigm Group by 4.9% in the 2nd quarter. Red Door Wealth Management LLC now owns 7,088 shares of the aerospace company's stock valued at $9,056,000 after buying an additional 331 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in TransDigm Group by 19.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,157 shares of the aerospace company's stock worth $1,478,000 after acquiring an additional 187 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $13.37 during mid-day trading on Wednesday, hitting $1,248.20. 220,147 shares of the stock were exchanged, compared to its average volume of 226,950. The company has a market cap of $70.19 billion, a P/E ratio of 48.75, a PEG ratio of 2.93 and a beta of 1.39. TransDigm Group Incorporated has a twelve month low of $972.08 and a twelve month high of $1,451.32. The stock's fifty day simple moving average is $1,326.65 and its two-hundred day simple moving average is $1,314.62.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TDG shares. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Wells Fargo & Company lowered their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a report on Wednesday. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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. Finally, KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,465.47.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on 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 transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $29,659,098.16. 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 have sold 16,944 shares of company stock worth $23,541,085. Insiders own 4.96% of the company's stock.

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.