TransDigm Group Incorporated (NYSE:TDG) is Heard Capital LLC's 2nd Largest Position

Heard Capital LLC grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,206 shares of the aerospace company's stock after purchasing an additional 13,073 shares during the period. TransDigm Group makes up about 10.6% of Heard Capital LLC's portfolio, making the stock its 2nd biggest holding. Heard Capital LLC owned about 0.24% of TransDigm Group worth $188,675,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TDG. HighTower Advisors LLC raised its position in TransDigm Group by 82.9% during the third quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company's stock valued at $21,663,000 after acquiring an additional 6,895 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of TransDigm Group by 24.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 426 shares of the aerospace company's stock valued at $607,000 after purchasing an additional 85 shares during the period. Holocene Advisors LP grew its position in TransDigm Group by 295.6% during the third quarter. Holocene Advisors LP now owns 32,793 shares of the aerospace company's stock valued at $46,800,000 after buying an additional 24,503 shares during the period. Ascent Group LLC raised its position in shares of TransDigm Group by 2.1% in the third quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company's stock worth $1,483,000 after acquiring an additional 21 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in shares of TransDigm Group during the 3rd quarter worth approximately $1,550,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm'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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Down 0.1 %

TDG traded down $1.76 on Tuesday, hitting $1,258.71. 206,786 shares of the company were exchanged, compared to its average volume of 226,208. The firm has a 50-day moving average price of $1,343.74 and a two-hundred day moving average price of $1,316.69. TransDigm Group Incorporated has a twelve month low of $950.93 and a twelve month high of $1,451.32. The company has a market cap of $70.78 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 2.84 and a beta of 1.39.

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 paid a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TDG shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Jefferies Financial Group cut their price objective on 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. Susquehanna raised their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,461.82.

About TransDigm Group

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.