Moody National Bank Trust Division purchased a new stake in TransDigm Group Incorporated (NYSE:TDG – Get Rating) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 504 shares of the aerospace company’s stock, valued at approximately $270,000.
Several other institutional investors also recently bought and sold shares of TDG. Tcwp LLC acquired a new position in TransDigm Group in the 1st quarter valued at $29,000. Cordasco Financial Network purchased a new stake in shares of TransDigm Group during the 1st quarter valued at $35,000. Core Alternative Capital grew its stake in shares of TransDigm Group by 885.7% during the 1st quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock valued at $45,000 after buying an additional 62 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of TransDigm Group during the 1st quarter valued at $65,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of TransDigm Group by 181.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the aerospace company’s stock valued at $70,000 after buying an additional 69 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director W Nicholas Howley sold 11,500 shares of the company’s 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 sale, the director now owns 21,548 shares in the company, valued at approximately $11,651,003.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director W Nicholas Howley sold 11,500 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the sale, the director now owns 21,548 shares in the company, valued at $11,651,003.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sean P. Hennessy sold 4,478 shares of the stock in a transaction dated 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 sale, the director now owns 33,935 shares in the company, valued at approximately $23,012,680.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,978 shares of company stock worth $39,563,556. 8.96% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
TransDigm Group Price Performance
NYSE:TDG opened at $584.71 on Wednesday. The firm has a 50-day moving average of $613.67 and a two-hundred day moving average of $604.16. The stock has a market cap of $31.71 billion, a P/E ratio of 44.84, a PEG ratio of 2.08 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $500.08 and a 1-year high of $686.06.
TransDigm Group (NYSE:TDG – Get Rating) last issued 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.89 EPS. As a group, equities analysts expect that TransDigm Group Incorporated will post 15.01 earnings per share for the current year.
TransDigm Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 19th were paid a $18.50 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $74.00 dividend on an annualized basis and a dividend yield of 12.66%.
TransDigm Group Profile
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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