TransDigm Group Incorporated (NYSE:TDG) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDGGet Rating) by 181.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107 shares of the aerospace company’s stock after buying an additional 69 shares during the period. EverSource Wealth Advisors LLC’s holdings in TransDigm Group were worth $70,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tcwp LLC acquired a new position in shares of TransDigm Group in the 1st quarter valued at $29,000. Cordasco Financial Network acquired a new position in shares of TransDigm Group in the 1st quarter valued at $35,000. Core Alternative Capital lifted its stake in shares of TransDigm Group by 885.7% in the 1st quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 62 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of TransDigm Group in the 1st quarter valued at $65,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of TransDigm Group by 94.8% in the 1st quarter. Pittenger & Anderson Inc. now owns 113 shares of the aerospace company’s stock valued at $74,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. Susquehanna Bancshares upped their price target on TransDigm Group from $629.00 to $685.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $685.00 to $705.00 in a report on Wednesday, August 17th. TheStreet upgraded TransDigm Group from a “c” rating to a “b-” rating in a report on Thursday, August 18th. Susquehanna boosted their price objective on TransDigm Group from $629.00 to $685.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $718.08.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 35,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $661.68, for a total transaction of $23,489,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, Director Sean P. Hennessy sold 4,478 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the completion of the sale, the director now directly owns 33,935 shares of the company’s stock, valued at approximately $23,012,680.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 35,500 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $661.68, for a total value of $23,489,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,478 shares of company stock valued at $32,744,401. 8.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

TDG opened at $581.93 on Friday. TransDigm Group Incorporated has a one year low of $500.08 and a one year high of $686.06. The company has a market cap of $31.56 billion, a P/E ratio of 44.63, a PEG ratio of 2.07 and a beta of 1.42. The business’s 50-day simple moving average is $612.44 and its 200-day simple moving average is $605.29.

TransDigm Group (NYSE:TDGGet Rating) last announced its earnings results on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.87. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.41 billion. TransDigm Group had a negative return on equity of 30.80% and a net margin of 15.56%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.89 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 15.01 earnings per share for the current fiscal year.

TransDigm Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors 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 dividend yield of 12.72%.

TransDigm Group Profile

(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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