Bank of America Corp DE Acquires 1,065 Shares of TransDigm Group Incorporated (NYSE:TDG)

Bank of America Corp DE raised its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 313,946 shares of the aerospace company’s stock after acquiring an additional 1,065 shares during the quarter. Bank of America Corp DE owned about 0.57% of TransDigm Group worth $204,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Tcwp LLC bought a new position in TransDigm Group in the first quarter valued at approximately $29,000. Cordasco Financial Network bought a new position in TransDigm Group in the first quarter valued at approximately $35,000. Core Alternative Capital boosted its stake in 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 during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in TransDigm Group in the first quarter worth $65,000. Finally, EverSource Wealth Advisors LLC raised its holdings in TransDigm Group by 181.6% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 69 shares during the period. 95.43% of the stock is owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 35,500 shares of TransDigm Group stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $661.68, for a total value of $23,489,640.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $540.70, for a total value of $6,218,050.00. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $11,651,003.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 35,500 shares of TransDigm Group stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $661.68, for a total transaction of $23,489,640.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,978 shares of company stock worth $39,563,556. Insiders own 8.96% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. TheStreet upgraded shares of TransDigm Group from a “c” rating to a “b-” rating in a report on Thursday, August 18th. Cfra increased their target price on shares of TransDigm Group to $680.00 in a report on Monday, August 15th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Susquehanna increased 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. Finally, Susquehanna Bancshares increased 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $718.08.

TransDigm Group Stock Down 1.2 %

Shares of NYSE:TDG 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’s fifty day simple moving average is $613.67 and its 200 day simple moving average is $604.16. The firm 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.

TransDigm Group (NYSE:TDGGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The aerospace company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business earned $2.89 EPS. The company’s revenue was up 14.8% compared to the same quarter last year. Research analysts expect that TransDigm Group Incorporated will post 15.01 earnings per share for the current fiscal year.

TransDigm Group Dividend Announcement

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

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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