Moody National Bank Trust Division Takes $270,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Moody National Bank Trust Division acquired a new stake in TransDigm Group Incorporated (NYSE:TDGGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 504 shares of the aerospace company’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. Tcwp LLC bought a new position in shares of TransDigm Group in the first quarter valued at approximately $29,000. Cordasco Financial Network bought a new position in shares of TransDigm Group in the first quarter valued at approximately $35,000. Core Alternative Capital boosted its holdings in shares of TransDigm Group by 885.7% in the first quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 62 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of TransDigm Group in the first quarter valued at approximately $65,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of TransDigm Group by 181.6% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 69 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDG has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $685.00 to $705.00 in a report on Wednesday, August 17th. Susquehanna Bancshares raised their target price on shares of TransDigm Group from $629.00 to $685.00 and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Susquehanna raised their target price on shares of TransDigm Group from $629.00 to $685.00 and gave the stock a “neutral” rating in a report on Wednesday, August 10th. Truist Financial reduced their target price on shares of TransDigm Group from $786.00 to $700.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Cfra raised their target price on shares of TransDigm Group to $680.00 in a report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $718.08.

TransDigm Group Stock Down 1.2 %

TDG stock opened at $584.71 on Wednesday. TransDigm Group Incorporated has a 12-month low of $500.08 and a 12-month high of $686.06. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 44.84, a PEG ratio of 2.08 and a beta of 1.42. The company has a 50 day moving average of $613.67 and a two-hundred day moving average of $604.16.

TransDigm Group (NYSE:TDGGet Rating) last released its earnings results on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.87. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that TransDigm Group Incorporated will post 15.01 EPS for the current year.

TransDigm Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 19th were given a $18.50 dividend. The ex-dividend date was Thursday, August 18th. This represents a $74.00 dividend on an annualized basis and a yield of 12.66%.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $592.97, for a total transaction of $6,819,155.00. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $12,777,317.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Nicholas Howley sold 11,500 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $592.97, for a total transaction of $6,819,155.00. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $12,777,317.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean P. Hennessy sold 4,478 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the transaction, the director now owns 33,935 shares in the company, valued at approximately $23,012,680.90. The disclosure for this sale can be found here. Insiders sold a total of 62,978 shares of company stock worth $39,563,556 in the last quarter. 8.96% of the stock is currently owned by corporate insiders.

About TransDigm Group

(Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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