Assenagon Asset Management S.A. Increases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Assenagon Asset Management S.A. increased its stake in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 5.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 865 shares of the aerospace company’s stock after purchasing an additional 45 shares during the period. Assenagon Asset Management S.A.’s holdings in TransDigm Group were worth $729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Baird Financial Group Inc. boosted its position in shares of TransDigm Group by 4.7% during the 2nd quarter. Baird Financial Group Inc. now owns 4,175 shares of the aerospace company’s stock worth $3,733,000 after acquiring an additional 186 shares in the last quarter. Fund Management at Engine No. 1 LLC boosted its position in shares of TransDigm Group by 7.9% during the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 679 shares of the aerospace company’s stock worth $607,000 after acquiring an additional 50 shares in the last quarter. Inspire Investing LLC boosted its position in shares of TransDigm Group by 7.4% during the 3rd quarter. Inspire Investing LLC now owns 1,173 shares of the aerospace company’s stock worth $989,000 after acquiring an additional 81 shares in the last quarter. Machina Capital S.A.S. acquired a new position in shares of TransDigm Group during the 2nd quarter worth about $301,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of TransDigm Group by 2.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 177,122 shares of the aerospace company’s stock worth $158,377,000 after acquiring an additional 3,923 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 6,296 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $987.07, for a total value of $6,214,592.72. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $21,269,384.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 6,296 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $987.07, for a total transaction of $6,214,592.72. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $21,269,384.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 39,558 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $965.20, for a total value of $38,181,381.60. Following the sale, the director now owns 179,615 shares in the company, valued at approximately $173,364,398. The disclosure for this sale can be found here. Insiders have sold a total of 154,560 shares of company stock worth $153,407,756 in the last quarter. Company insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.6 %

Shares of TDG stock opened at $1,141.34 on Wednesday. The company has a market cap of $63.45 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.43. The stock has a 50 day simple moving average of $1,021.03 and a 200-day simple moving average of $930.78. TransDigm Group Incorporated has a 12-month low of $686.46 and a 12-month high of $1,142.55.

TransDigm Group (NYSE:TDGGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share for the quarter, topping analysts’ consensus estimates of $7.10 by $0.93. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.74 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 30.07 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. KeyCorp initiated coverage on TransDigm Group in a research report on Wednesday, January 17th. They issued an “overweight” rating and a $1,180.00 target price for the company. Royal Bank of Canada upped their target price on TransDigm Group from $975.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Stifel Nicolaus upped their target price on TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Susquehanna upped their target price on TransDigm Group from $850.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,020.80.

Check Out Our Latest Analysis on TDG

TransDigm Group Company Profile

(Free Report)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The 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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