Stephens Inc. AR Has $11.47 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Stephens Inc. AR decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,038 shares of the aerospace company’s stock after selling 275 shares during the period. Stephens Inc. AR’s holdings in TransDigm Group were worth $11,471,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Ridge Investments LLC raised its position in shares of TransDigm Group by 1.0% during the third quarter. Oak Ridge Investments LLC now owns 11,089 shares of the aerospace company’s stock worth $15,825,000 after acquiring an additional 111 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in TransDigm Group in the third quarter valued at approximately $206,000. First Trust Direct Indexing L.P. boosted its position in shares of TransDigm Group by 22.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,904 shares of the aerospace company’s stock worth $2,717,000 after purchasing an additional 352 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in TransDigm Group by 70.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 306 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 126 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its stake in TransDigm Group by 24.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock valued at $664,000 after buying an additional 91 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of 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. Wells Fargo & Company dropped 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. Jefferies Financial Group reduced their price target 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. Susquehanna raised their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,451.94.

TransDigm Group Stock Up 0.2 %

Shares of TransDigm Group stock opened at $1,304.50 on Friday. The stock has a market cap of $73.20 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.77 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $838.47 and a 12-month high of $1,451.32. The business’s 50 day moving average is $1,367.83 and its 200-day moving average is $1,311.52.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.55 earnings per share. On average, sell-side analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock worth $35,823,485 over the last 90 days. Company insiders own 4.96% of the company’s stock.

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.