TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,525 shares of the aerospace company's stock after purchasing an additional 440 shares during the quarter. State of Alaska Department of Revenue's holdings in TransDigm Group were worth $9,312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TDG. Vanguard Group Inc. increased its holdings in TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Capital World Investors lifted its stake in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. Capital Research Global Investors lifted its stake in TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company's stock worth $2,420,882,000 after acquiring an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock valued at $2,056,109,000 after acquiring an additional 192,962 shares during the period. Finally, Legal & General Group Plc grew its position in TransDigm Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company's stock valued at $467,282,000 after acquiring an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TDG. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Morgan Stanley boosted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their target price on 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, StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Eight 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,451.94.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on 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 completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,944 shares of company stock valued at $35,823,485. Insiders own 4.96% of the company's stock.

TransDigm Group Trading Down 1.2 %

Shares of NYSE:TDG traded down $15.75 on Monday, reaching $1,339.08. 169,844 shares of the company were exchanged, compared to its average volume of 214,739. The company has a 50-day moving average of $1,367.48 and a 200-day moving average of $1,309.96. The firm has a market cap of $75.14 billion, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $816.97 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business posted $6.55 earnings per share. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was 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.