Hanlon Investment Management Inc. Cuts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Hanlon Investment Management Inc. reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 652 shares of the aerospace company’s stock after selling 57 shares during the quarter. Hanlon Investment Management Inc.’s holdings in TransDigm Group were worth $930,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Norden Group LLC acquired a new stake in TransDigm Group in the first quarter valued at $443,000. Private Advisor Group LLC lifted its stake in shares of TransDigm Group by 112.3% in the first quarter. Private Advisor Group LLC now owns 1,558 shares of the aerospace company’s stock valued at $1,919,000 after purchasing an additional 824 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of TransDigm Group by 20.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,987 shares of the aerospace company’s stock valued at $12,300,000 after purchasing an additional 1,723 shares during the period. Graypoint LLC purchased a new stake in TransDigm Group during the first quarter worth about $228,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,315.39 on Tuesday. TransDigm Group Incorporated has a fifty-two week low of $874.95 and a fifty-two week high of $1,451.32. The stock has a fifty day moving average of $1,368.09 and a two-hundred day moving average of $1,313.47. The company has a market capitalization of $73.81 billion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43.

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

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a dividend of $75.00 per share. 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.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were 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 directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 in the last three months. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TDG shares. Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,451.94.

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.