Cornerstone Wealth Group LLC Acquires Shares of 144 TransDigm Group Incorporated (NYSE:TDG)

Cornerstone Wealth Group LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 144 shares of the aerospace company’s stock, valued at approximately $206,000.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in shares of TransDigm Group in the 1st quarter worth $30,000. Meeder Asset Management Inc. boosted its position in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group in the 1st quarter worth $39,000. Finally, DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Down 2.1 %

TransDigm Group stock opened at $1,301.40 on Friday. The company has a market cap of $73.02 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $817.62 and a 1-year high of $1,451.32. The company has a fifty day simple moving average of $1,368.27 and a 200 day simple moving average of $1,310.85.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $6.55 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDG. Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company reduced their target price on 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 reduced their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,451.94.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 26,944 shares of company stock valued at $35,823,485 in the last quarter. Company insiders own 4.96% of the company’s stock.

About TransDigm Group

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.