Windacre Partnership LLC Buys 217,700 Shares of TransDigm Group Incorporated (NYSE:TDG)

Windacre Partnership LLC grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 42.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 728,000 shares of the aerospace company's stock after acquiring an additional 217,700 shares during the quarter. TransDigm Group comprises 13.8% of Windacre Partnership LLC's investment portfolio, making the stock its 2nd biggest holding. Windacre Partnership LLC owned about 1.29% of TransDigm Group worth $1,038,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TDG. Cetera Investment Advisers raised its holdings in TransDigm Group by 90.5% during the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company's stock worth $4,945,000 after purchasing an additional 1,907 shares in the last quarter. CWM LLC lifted its position in TransDigm Group by 4.6% in the second quarter. CWM LLC now owns 886 shares of the aerospace company's stock valued at $1,132,000 after acquiring an additional 39 shares during the last quarter. Simplicity Wealth LLC boosted its stake in TransDigm Group by 2.4% in the second quarter. Simplicity Wealth LLC now owns 1,564 shares of the aerospace company's stock valued at $1,998,000 after acquiring an additional 37 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of TransDigm Group by 10.3% during the second quarter. OLD National Bancorp IN now owns 514 shares of the aerospace company's stock worth $657,000 after purchasing an additional 48 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company's stock worth $715,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Stock Performance

NYSE:TDG traded down $13.65 during trading hours on Friday, hitting $1,279.21. The company's stock had a trading volume of 289,929 shares, compared to its average volume of 338,949. TransDigm Group Incorporated has a 52-week low of $965.69 and a 52-week high of $1,451.32. The business's 50-day moving average is $1,333.48 and its two-hundred day moving average is $1,315.97. The company has a market capitalization of $71.93 billion, a PE ratio of 49.88, a PEG ratio of 2.99 and a beta of 1.39.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp upped their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised 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. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,464.00.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 over the last 90 days. 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.