TransDigm Group Incorporated (NYSE:TDG) Stock Position Decreased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 99.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 99 shares of the aerospace company's stock after selling 13,160 shares during the quarter. Point72 Hong Kong Ltd's holdings in TransDigm Group were worth $141,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in TransDigm Group in the third quarter valued at approximately $198,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Cobblestone Capital Advisors LLC NY purchased a new stake in TransDigm Group in the third quarter valued at approximately $214,000. Edgestream Partners L.P. grew its stake in shares of TransDigm Group by 17.7% in the third quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company's stock worth $8,733,000 after acquiring an additional 918 shares in the last quarter. Finally, Acropolis Investment Management LLC acquired a new position in shares of TransDigm Group in the third quarter worth $103,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction 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. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's 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 in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

NYSE:TDG traded up $47.87 during trading hours on Wednesday, reaching $1,306.58. 348,571 shares of the company were exchanged, compared to its average volume of 226,731. The firm has a market cap of $73.47 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 2.84 and a beta of 1.39. TransDigm Group Incorporated has a 52-week low of $950.93 and a 52-week high of $1,451.32. The stock has a 50 day simple moving average of $1,338.15 and a 200 day simple moving average of $1,316.39.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued 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.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. Royal Bank of Canada restated an "outperform" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. UBS Group dropped their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group lowered their target price 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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. Finally, Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

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.