Paragon Capital Management Inc. Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Paragon Capital Management Inc. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,144 shares of the aerospace company’s stock, valued at approximately $1,633,000.

A number of other hedge funds also recently modified their holdings of TDG. Vanguard Group Inc. lifted its position in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares during the last quarter. Capital World Investors increased its stake in shares of TransDigm Group by 14.3% during the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. Capital Research Global Investors lifted its holdings in TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after purchasing an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Legal & General Group Plc grew its holdings in TransDigm Group by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after buying an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,472 shares of company stock worth $23,941,840. 4.96% of the stock is owned by insiders.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,384.32 on Thursday. The firm has a market cap of $77.67 billion, a PE ratio of 51.21, a PEG ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32. The company has a 50 day simple moving average of $1,350.09 and a two-hundred day simple moving average of $1,301.19.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.55 earnings per share. As a group, research analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group cut their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. UBS Group cut their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial raised their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,448.41.

TransDigm Group Company Profile

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.