TransDigm Group Incorporated (NYSE:TDG) Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 81.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194 shares of the aerospace company's stock after selling 830 shares during the period. TriaGen Wealth Management LLC's holdings in TransDigm Group were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TDG. Fortitude Family Office LLC raised its holdings in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock worth $29,000 after acquiring an additional 17 shares in the last quarter. ORG Partners LLC purchased a new position in shares of TransDigm Group in the 1st quarter worth $30,000. Meeder Asset Management Inc. increased its holdings in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after buying an additional 22 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group in the 1st quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC purchased a new position in TransDigm Group in the second quarter worth about $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

TDG stock traded down $4.80 during trading on Friday, reaching $1,397.16. 133,997 shares of the company traded hands, compared to its average volume of 216,534. The business has a 50 day simple moving average of $1,356.51 and a 200 day simple moving average of $1,303.16. TransDigm Group Incorporated has a 12 month low of $811.42 and a 12 month high of $1,451.32. The company has a market capitalization of $78.18 billion, a price-to-earnings ratio of 55.42, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43.

TransDigm Group (NYSE:TDG - Get Free Report) last released 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. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the business earned $6.55 EPS. The company's revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction 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 $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated 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 sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 over the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Morgan Stanley increased their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research note 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. Jefferies Financial Group dropped their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Finally, Susquehanna boosted their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,448.41.

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.