Radnor Capital Management LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Radnor Capital Management LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 795 shares of the aerospace company's stock, valued at approximately $1,135,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norden Group LLC purchased a new position in shares of TransDigm Group in the 1st quarter valued at $443,000. Private Advisor Group LLC increased its position in shares of TransDigm Group by 112.3% in the first quarter. Private Advisor Group LLC now owns 1,558 shares of the aerospace company's stock valued at $1,919,000 after buying an additional 824 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the 1st quarter worth approximately $39,000. Texas Permanent School Fund Corp raised its holdings in shares of TransDigm Group by 0.6% in the first quarter. Texas Permanent School Fund Corp now owns 11,494 shares of the aerospace company's stock worth $14,156,000 after acquiring an additional 73 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of TransDigm Group by 2,880.0% during the 1st quarter. Manchester Capital Management LLC now owns 149 shares of the aerospace company's stock worth $184,000 after purchasing an additional 144 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. UBS Group cut their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Truist Financial increased 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. Finally, Jefferies Financial Group cut their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average price target of $1,461.82.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated 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 completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade 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 is accessible through this link. In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 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 accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,944 shares of company stock worth $35,823,485. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $55.46 during midday trading on Thursday, reaching $1,327.14. 288,960 shares of the company's stock were exchanged, compared to its average volume of 215,583. TransDigm Group Incorporated has a 52-week low of $886.76 and a 52-week high of $1,451.32. The stock has a market capitalization of $74.47 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43. The business's fifty day moving average price is $1,369.27 and its two-hundred day moving average price is $1,315.00.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts' consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $6.55 earnings per share. Analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The company 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. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.