Veritable L.P. Has $1.55 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Veritable L.P. increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,738 shares of the aerospace company’s stock after buying an additional 48 shares during the period. Veritable L.P.’s holdings in TransDigm Group were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its position in shares of TransDigm Group by 217.5% during the 1st quarter. FMR LLC now owns 1,340,675 shares of the aerospace company’s stock worth $988,145,000 after buying an additional 918,393 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of TransDigm Group by 128.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after buying an additional 459,787 shares during the period. Norges Bank acquired a new position in shares of TransDigm Group during the 4th quarter worth about $180,823,000. Vanguard Group Inc. grew its position in shares of TransDigm Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after buying an additional 117,137 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of TransDigm Group by 512.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 121,855 shares of the aerospace company’s stock worth $108,959,000 after buying an additional 101,970 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $862.38, for a total value of $2,587,140.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $3,104,568. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Sarah Wynne sold 5,420 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $883.16, for a total transaction of $4,786,727.20. Following the transaction, the chief financial officer now owns 700 shares of the company’s stock, valued at approximately $618,212. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,104,568. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TDG shares. Barclays boosted their target price on TransDigm Group from $930.00 to $1,040.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Royal Bank of Canada lifted their target price on TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Citigroup lifted their target price on TransDigm Group from $1,042.00 to $1,114.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Susquehanna lifted their target price on TransDigm Group from $850.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Alembic Global Advisors lowered shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $997.54.

TransDigm Group Price Performance

Shares of TDG opened at $993.70 on Thursday. The firm has a market capitalization of $54.96 billion, a PE ratio of 45.13, a PEG ratio of 1.64 and a beta of 1.38. The company’s 50-day moving average is $865.84 and its 200-day moving average is $854.07. TransDigm Group Incorporated has a fifty-two week low of $598.00 and a fifty-two week high of $1,013.08.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, beating the consensus estimate of $7.10 by $0.93. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.74 earnings per share. Analysts predict that TransDigm Group Incorporated will post 28.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 20th will be paid a $35.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date is Friday, November 17th.

TransDigm Group Company 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.