Public Sector Pension Investment Board Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Public Sector Pension Investment Board raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 76.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,153 shares of the aerospace company’s stock after buying an additional 931 shares during the quarter. Public Sector Pension Investment Board’s holdings in TransDigm Group were worth $2,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors boosted its stake in TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after purchasing an additional 192,962 shares in the last quarter. Argent Capital Management LLC purchased a new position in TransDigm Group during the 1st quarter worth $75,910,000. Vanguard Group Inc. increased its position in TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,545 shares of company stock valued at $46,454,828. Insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Northcoast Research initiated coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,402.88 on Friday. The stock’s 50-day moving average is $1,310.33 and its two-hundred day moving average is $1,283.61. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,433.03. The firm has a market cap of $78.72 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 2.24 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $6.55 EPS. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts predict that TransDigm Group Incorporated will post 30.7 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $75.00 per share. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from TransDigm Group’s previous 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.