Prime Capital Investment Advisors LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,880 shares of the aerospace company's stock after buying an additional 514 shares during the period. Prime Capital Investment Advisors LLC's holdings in TransDigm Group were worth $5,537,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock worth $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Capital World Investors boosted its stake in shares of 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 grew its holdings in shares of TransDigm Group by 1.6% in 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 during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in TransDigm Group by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company's stock worth $467,282,000 after buying an additional 9,180 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TDG has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target 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 report on Wednesday, August 7th. Morgan Stanley raised their price objective 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. UBS Group dropped their price objective 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Monday. Finally, Jefferies Financial Group dropped their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,461.82.
View Our Latest Stock Analysis on TransDigm Group
Insider Buying and Selling at TransDigm Group
In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's 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 transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 0.00 % 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 valued at $23,541,085 in the last three months. 4.96% of the stock is currently owned by company insiders.
TransDigm Group Stock Performance
NYSE:TDG traded up $7.58 during mid-day trading on Wednesday, hitting $1,363.00. The stock had a trading volume of 224,660 shares, compared to its average volume of 217,001. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The company's 50 day simple moving average is $1,368.61 and its 200 day simple moving average is $1,318.69. The stock has a market cap of $76.64 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 2.41 and a beta of 1.43.
TransDigm Group Increases Dividend
The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from TransDigm Group's previous special dividend of $32.50.
TransDigm Group Company Profile
(
Free Report)
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.
Further Reading
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