Pragma Gestao DE Patrimonio Ltd. Has $17.13 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pragma Gestao DE Patrimonio Ltd. lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,000 shares of the aerospace company's stock after buying an additional 3,000 shares during the quarter. TransDigm Group accounts for approximately 8.9% of Pragma Gestao DE Patrimonio Ltd.'s holdings, making the stock its largest holding. Pragma Gestao DE Patrimonio Ltd.'s holdings in TransDigm Group were worth $17,126,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TDG. Summit Global Investments acquired a new position in shares of TransDigm Group in the 3rd quarter worth approximately $1,242,000. TFB Advisors LLC grew its position in shares of TransDigm Group by 4.8% in the 3rd quarter. TFB Advisors LLC now owns 390 shares of the aerospace company's stock worth $557,000 after acquiring an additional 18 shares in the last quarter. Dudley Capital Management LLC acquired a new position in shares of TransDigm Group in the 3rd quarter worth approximately $303,000. BNC Wealth Management LLC grew its position in shares of TransDigm Group by 4.9% in the 3rd quarter. BNC Wealth Management LLC now owns 4,143 shares of the aerospace company's stock worth $5,913,000 after acquiring an additional 195 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in shares of TransDigm Group in the 3rd quarter worth approximately $1,135,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 3,600 shares in the company, valued at $4,953,204. 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 three months. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Trading Up 1.6 %

NYSE TDG traded up $21.59 during trading hours on Friday, reaching $1,350.98. 245,524 shares of the company's stock were exchanged, compared to its average volume of 216,738. The firm has a fifty day moving average of $1,368.14 and a 200-day moving average of $1,316.15. The stock has a market cap of $75.80 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 1.88 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $935.84 and a one year high of $1,451.32.

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

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. 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 a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating on the stock. Truist Financial boosted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company dropped their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 7th. 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 stock presently has a consensus 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.