Whitford Management LLC Acquires New Position in TransDigm Group Incorporated (NYSE:TDG)

Whitford Management LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,379 shares of the aerospace company's stock, valued at approximately $3,395,000. TransDigm Group accounts for approximately 1.9% of Whitford Management LLC's portfolio, making the stock its 8th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Advisers LP raised its position in TransDigm Group by 2,955.6% during the third quarter. Two Sigma Advisers LP now owns 27,500 shares of the aerospace company's stock valued at $39,246,000 after acquiring an additional 26,600 shares in the last quarter. State Street Corp boosted its stake in shares of TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of TransDigm Group by 10.4% during the 3rd quarter. Stifel Financial Corp now owns 54,360 shares of the aerospace company's stock valued at $77,578,000 after acquiring an additional 5,116 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of TransDigm Group by 3.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 28,692 shares of the aerospace company's stock valued at $40,947,000 after acquiring an additional 858 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. acquired a new stake in TransDigm Group in the 3rd quarter worth approximately $1,624,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDG has been the subject of a number of research analyst reports. 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. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,464.00.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the 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 sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by insiders.

TransDigm Group Price Performance

TDG traded down $23.48 during mid-day trading on Friday, hitting $1,269.38. The stock had a trading volume of 175,788 shares, compared to its average volume of 226,615. The stock's fifty day simple moving average is $1,335.99 and its 200-day simple moving average is $1,316.22. The firm has a market capitalization of $71.38 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39. TransDigm Group Incorporated has a 1-year low of $965.69 and a 1-year high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $75.00 dividend. 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.

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.