Americana Partners LLC Has $5.90 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Americana Partners LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 10.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,132 shares of the aerospace company's stock after acquiring an additional 391 shares during the quarter. Americana Partners LLC's holdings in TransDigm Group were worth $5,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company's stock worth $29,000 after buying an additional 17 shares during the last quarter. ORG Partners LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth $30,000. Meeder Asset Management Inc. raised its holdings in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the 1st quarter valued at $39,000. Finally, DT Investment Partners LLC lifted its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TDG. Deutsche Bank Aktiengesellschaft raised their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a report 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 report on Wednesday, August 7th. Finally, KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,451.94.

TransDigm Group Stock Performance

TransDigm Group stock traded up $2.20 on Friday, reaching $1,304.50. The company's stock had a trading volume of 215,704 shares, compared to its average volume of 214,782. The business's fifty day moving average price is $1,368.27 and its 200 day moving average price is $1,310.85. TransDigm Group Incorporated has a twelve month low of $838.47 and a twelve month high of $1,451.32. The company has a market cap of $73.20 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 1.81 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 EPS for the quarter, beating 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 business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the firm earned $6.55 earnings per share. TransDigm Group's revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group's previous special dividend of $32.50.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group 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 transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,944 shares of company stock worth $35,823,485. Insiders own 4.96% of the company's stock.

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.