Allworth Financial LP raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341 shares of the aerospace company’s stock after purchasing an additional 59 shares during the period. Allworth Financial LP’s holdings in Transdigm Group were worth $518,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Winch Advisory Services LLC boosted its holdings in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Transdigm Group during the first quarter valued at approximately $30,000. Bank of Jackson Hole Trust lifted its position in shares of Transdigm Group by 84.6% in the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 11 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Transdigm Group by 1,250.0% in the second quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 25 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Transdigm Group in the second quarter worth approximately $47,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.
Transdigm Group Trading Up 1.1%
Shares of TDG opened at $1,339.26 on Friday. The firm has a 50-day moving average price of $1,297.21 and a 200 day moving average price of $1,402.56. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm has a market capitalization of $75.43 billion, a P/E ratio of 44.45, a P/E/G ratio of 3.25 and a beta of 1.02.
Transdigm Group Increases Dividend
The firm also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $90.00 per share. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.
Insider Buying and Selling
In related news, Director Kevin M. Stein sold 700 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $1,360.00, for a total value of $952,000.00. Following the sale, the director directly owned 8,158 shares in the company, valued at approximately $11,094,880. The trade was a 7.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Patrick Joseph Murphy sold 290 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $1,310.00, for a total transaction of $379,900.00. Following the transaction, the chief operating officer directly owned 1,055 shares of the company’s stock, valued at approximately $1,382,050. This trade represents a 21.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,802 shares of company stock valued at $29,917,993. 4.09% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
TDG has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on Transdigm Group from $1,385.00 to $1,400.00 and gave the company a “sector perform” rating in a research note on Thursday. Zacks Research lowered shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Susquehanna decreased their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Truist Financial lowered their price target on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Transdigm Group from $1,710.00 to $1,650.00 and set a “buy” rating for the company in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Transdigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,563.88.
View Our Latest Stock Analysis on TDG
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.
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