Wilmington Savings Fund Society FSB Buys New Shares in TransDigm Group Incorporated (NYSE:TDG)

Wilmington Savings Fund Society FSB purchased a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 433 shares of the aerospace company's stock, valued at approximately $618,000.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its position in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock valued at $3,181,357,000 after buying an additional 29,489 shares in the last quarter. FMR LLC lifted its stake in shares of TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock valued at $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. Windacre Partnership LLC increased its stake in shares of TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after purchasing an additional 8,655 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TDG. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. KeyCorp boosted their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised 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 research report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Finally, StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,465.47.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $20.92 during mid-day trading on Monday, reaching $1,280.04. The company had a trading volume of 349,076 shares, compared to its average volume of 228,242. The company has a market capitalization of $71.98 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 2.89 and a beta of 1.39. The stock has a fifty day moving average of $1,317.27 and a two-hundred day moving average of $1,312.98. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders 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 an increase from TransDigm Group's previous special dividend of $32.50.

Insider Buying and Selling

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 value of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,525 shares of company stock worth $84,362,871. Corporate 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.