Shares of TransDigm Group Incorporated (NYSE:TDG) bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239 shares of the aerospace company’s stock after purchasing an additional 13 shares during the quarter. Daymark Wealth Partners LLC’s holdings in TransDigm Group were worth $305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. Darsana Capital Partners LP purchased a new position in TransDigm Group in the second quarter worth about $210,806,000. APG Asset Management NV raised its position in shares of TransDigm Group by 2.0% in the second quarter. APG Asset Management NV now owns 144,536 shares of the aerospace company’s stock worth $172,298,000 after purchasing an additional 2,785 shares in the last quarter. AQR Capital Management LLC boosted its stake in TransDigm Group by 8.5% in the second quarter. AQR Capital Management LLC now owns 29,359 shares of the aerospace company’s stock valued at $37,510,000 after acquiring an additional 2,289 shares during the period. Alpha DNA Investment Management LLC purchased a new stake in TransDigm Group in the 2nd quarter valued at $313,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in TransDigm Group in the second quarter valued at $851,000. Hedge funds and other institutional investors own 95.78% of the company’s shares.

Indoor activity

In related news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on 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 approximately $10,186,078.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,545 shares of company stock worth $46,454,828. Insiders own 4.96% of the company’s shares.

Analysts on Wall Street are forecasting an increase

TDG has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. UBS Group cut their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average price target of $1,438.24, according to MarketBeat.com.

Read our latest report on TDG

TransDigm Group trading increased by 0.1%

Shares of TransDigm Group stock opened at $1,402.88 on Friday. The stock 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 Incorporated has a 12-month low of $802.46 and a 12-month high of $1,433.03. The company’s 50-day simple moving average is $1,310.33 and its 200-day simple moving average is $1,283.61.

TransDigm Group (NYSE:TDG – Get Your Free Report ) last posted its 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. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted earnings of $6.55 per share. sell-side analysts forecast that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.

TransDigm Group increases dividends

The company also recently declared a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $75.00 dividend. The ex-dividend date of this dividend is Friday, October 4. This is a positive change from TransDigm Group’s previous dividend of $32.50.

TransDigm Group company profile

(Free report)

TransDigm Group Incorporated designs, manufactures 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 conditioners, specialized AC/DC electric motors and generators, batteries and chargers, data bus and power controls, sensor products, switch and relay panels, hoists, winches and hoists, and cargo loading and handling systems.

See Also

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