TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,359 shares of the aerospace company's stock after purchasing an additional 2,289 shares during the quarter. AQR Capital Management LLC owned 0.05% of TransDigm Group worth $37,510,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company's stock worth $1,190,000 after purchasing an additional 8 shares in the last quarter. Team Hewins LLC raised its position in shares of TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company's stock worth $339,000 after acquiring an additional 8 shares in the last quarter. Souders Financial Advisors raised its position in shares of TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company's stock worth $945,000 after acquiring an additional 8 shares in the last quarter. Bennett Selby Investments LP lifted its stake in TransDigm Group by 2.4% during the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company's stock worth $429,000 after purchasing an additional 8 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in TransDigm Group by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company's stock valued at $1,131,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company's 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 completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders sold a total of 36,545 shares of company stock valued at $46,454,828 in the last 90 days. 4.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TDG shares. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a "neutral" rating for the company. Truist Financial upped their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a "hold" rating in a report on Friday, June 7th. 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,438.24.

TransDigm Group Stock Performance

TDG stock traded up $1.65 during trading on Friday, hitting $1,402.88. The stock had a trading volume of 184,603 shares, compared to its average volume of 220,504. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,433.03. The stock has a market cap of $78.50 billion, a price-to-earnings ratio of 55.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42. The company's 50 day moving average price is $1,310.33 and its two-hundred day moving average price is $1,284.31.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.55 earnings per share. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.7 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

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.