Intech Investment Management LLC Buys 801 Shares of TransDigm Group Incorporated (NYSE:TDG)

Intech Investment Management LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 49.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,436 shares of the aerospace company’s stock after acquiring an additional 801 shares during the period. Intech Investment Management LLC’s holdings in TransDigm Group were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Street Markets LLC lifted its stake in TransDigm Group by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 102 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 49 shares during the period. Chiron Investment Management LLC bought a new position in TransDigm Group during the 1st quarter valued at about $512,000. Sands Capital Management LLC increased its position in shares of TransDigm Group by 1.2% during the 1st quarter. Sands Capital Management LLC now owns 156,186 shares of the aerospace company’s stock valued at $115,117,000 after purchasing an additional 1,919 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of TransDigm Group by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,988 shares of the aerospace company’s stock valued at $2,939,000 after purchasing an additional 36 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransDigm Group by 9.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,216 shares of the aerospace company’s stock valued at $22,271,000 after purchasing an additional 2,502 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TDG shares. Barclays upped their price target on shares of TransDigm Group from $930.00 to $1,040.00 and gave the company an “overweight” rating in a research report on Monday, August 14th. Truist Financial reaffirmed a “buy” rating and set a $1,044.00 price target on shares of TransDigm Group in a research report on Friday, October 20th. Royal Bank of Canada upped their price target on shares of TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Morgan Stanley upped their price target on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of TransDigm Group in a report on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $997.54.

Insider Activity

In other news, Director Robert J. Small sold 20,508 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $883.68, for a total transaction of $18,122,509.44. Following the completion of the transaction, the director now directly owns 191,520 shares in the company, valued at approximately $169,242,393.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $862.38, for a total transaction of $2,587,140.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $3,104,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 20,508 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $883.68, for a total value of $18,122,509.44. Following the completion of the sale, the director now owns 191,520 shares of the company’s stock, valued at $169,242,393.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,442 shares of company stock worth $31,209,586. 7.18% of the stock is currently owned by insiders.

TransDigm Group Price Performance

Shares of TDG opened at $993.70 on Thursday. TransDigm Group Incorporated has a 1 year low of $598.00 and a 1 year high of $1,013.08. The company has a 50 day simple moving average of $865.84 and a two-hundred day simple moving average of $854.07. The firm has a market cap of $54.96 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $4.74 EPS. The company’s revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 28.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be given a dividend of $35.00 per share. This is an increase from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date of this dividend is Friday, November 17th.

About TransDigm Group

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.