Thrivent Financial for Lutherans Reduces Position in TransDigm Group Incorporated (NYSE:TDG)

Thrivent Financial for Lutherans reduced its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 35.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,553 shares of the aerospace company's stock after selling 3,069 shares during the quarter. Thrivent Financial for Lutherans' holdings in TransDigm Group were worth $7,924,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Darsana Capital Partners LP acquired a new stake in shares of TransDigm Group in the 2nd quarter worth $210,806,000. International Assets Investment Management LLC boosted its holdings in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after acquiring an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock worth $60,136,000 after acquiring an additional 48,769 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of TransDigm Group during the second quarter valued at about $35,134,000. Finally, Baskin Financial Services Inc. purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $30,404,000. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Up 1.6 %

TDG stock opened at $1,260.32 on Friday. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The firm has a market cap of $70.87 billion, a P/E ratio of 49.23, a PEG ratio of 2.19 and a beta of 1.43. The company's 50-day simple moving average is $1,359.76 and its 200-day simple moving average is $1,318.20.

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 given a dividend of $75.00 per share. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group's previous special dividend of $32.50.

Analyst Ratings Changes

Several analysts have weighed in on TDG shares. JPMorgan Chase & Co. boosted 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. 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Finally, KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,461.82.

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the 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 transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,953,204. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. Company insiders own 4.96% of the company's stock.

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.