State of Alaska Department of Revenue Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

State of Alaska Department of Revenue lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDGGet Rating) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,449 shares of the aerospace company’s stock after buying an additional 30 shares during the period. State of Alaska Department of Revenue’s holdings in TransDigm Group were worth $3,997,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its position in TransDigm Group by 0.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,866 shares of the aerospace company’s stock worth $2,460,000 after purchasing an additional 16 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its position in TransDigm Group by 3.8% in the first quarter. Cedar Brook Financial Partners LLC now owns 489 shares of the aerospace company’s stock worth $319,000 after purchasing an additional 18 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in TransDigm Group by 5.3% in the first quarter. Assenagon Asset Management S.A. now owns 356 shares of the aerospace company’s stock worth $232,000 after purchasing an additional 18 shares during the last quarter. Echo Street Capital Management LLC boosted its position in TransDigm Group by 3.3% in the first quarter. Echo Street Capital Management LLC now owns 595 shares of the aerospace company’s stock worth $388,000 after purchasing an additional 19 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its position in TransDigm Group by 0.5% in the first quarter. Securian Asset Management Inc. now owns 4,418 shares of the aerospace company’s stock worth $2,879,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TDG. Susquehanna Bancshares boosted their price objective on TransDigm Group from $629.00 to $685.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $685.00 to $705.00 in a research report on Wednesday, August 17th. Cfra boosted their target price on TransDigm Group to $680.00 in a research note on Monday, August 15th. TheStreet upgraded TransDigm Group from a “c” rating to a “b-” rating in a research note on Thursday, August 18th. Finally, Truist Financial lowered their target price on TransDigm Group from $786.00 to $700.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $718.08.

Insider Buying and Selling

In other news, Director Sean P. Hennessy sold 4,478 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total value of $3,036,710.92. Following the completion of the transaction, the director now directly owns 33,935 shares in the company, valued at approximately $23,012,680.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Sean P. Hennessy sold 4,478 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $678.14, for a total value of $3,036,710.92. Following the completion of the transaction, the director now directly owns 33,935 shares in the company, valued at approximately $23,012,680.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 11,500 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was 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 $11,651,003.60. The disclosure for this sale can be found here. Insiders sold a total of 62,978 shares of company stock worth $39,563,556 over the last ninety days. 8.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $567.06 on Thursday. TransDigm Group Incorporated has a 52-week low of $500.08 and a 52-week high of $686.06. The firm has a market cap of $30.75 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 2.08 and a beta of 1.42. The business’s fifty day moving average is $615.03 and its 200 day moving average is $603.76.

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

TransDigm Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 19th were given a dividend of $18.50 per share. This represents a $74.00 annualized dividend and a yield of 13.05%. The ex-dividend date of this dividend was Thursday, August 18th.

About TransDigm Group

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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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