TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 92.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,700 shares of the aerospace company's stock after selling 43,369 shares during the period. Point72 Asset Management L.P.'s holdings in TransDigm Group were worth $5,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in shares of TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company's stock valued at $715,000 after acquiring an additional 11 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in TransDigm Group by 6.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 1,208 shares of the aerospace company's stock valued at $1,543,000 after buying an additional 75 shares during the period. Wedmont Private Capital increased its holdings in TransDigm Group by 5.8% during the second quarter. Wedmont Private Capital now owns 713 shares of the aerospace company's stock worth $886,000 after buying an additional 39 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in TransDigm Group by 17.0% in the second 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. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of TransDigm Group by 44.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,241 shares of the aerospace company's stock worth $1,586,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Price Performance

TransDigm Group stock traded down $20.77 during trading hours on Monday, reaching $1,258.44. The stock had a trading volume of 140,264 shares, compared to its average volume of 226,757. TransDigm Group Incorporated has a 52 week low of $972.08 and a 52 week high of $1,451.32. The company has a market cap of $70.76 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.93 and a beta of 1.39. The business's 50 day moving average price is $1,333.48 and its 200-day moving average price is $1,315.75.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.00.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the 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 in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 over the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

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.