Westfield Capital Management Co. LP Acquires 8,655 Shares of TransDigm Group Incorporated (NYSE:TDG)

Westfield Capital Management Co. LP grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,061 shares of the aerospace company’s stock after acquiring an additional 8,655 shares during the period. TransDigm Group comprises approximately 2.4% of Westfield Capital Management Co. LP’s portfolio, making the stock its 6th largest position. Westfield Capital Management Co. LP owned 0.66% of TransDigm Group worth $530,980,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TDG. Bennett Selby Investments LP grew its stake in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after purchasing an additional 8 shares in the last quarter. Souders Financial Advisors grew its position in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after buying an additional 8 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of TransDigm Group by 1.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after buying an additional 9 shares in the last quarter. Csenge Advisory Group increased its stake in shares of TransDigm Group by 0.3% during the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock worth $4,757,000 after buying an additional 10 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in TransDigm Group by 2.0% in the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock valued at $715,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

TDG stock opened at $1,260.32 on Friday. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 49.23, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company has a fifty day moving average price of $1,359.76 and a 200 day moving average price of $1,318.25. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently announced 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. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Analyst Ratings Changes

A number of brokerages have commented on TDG. KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Susquehanna increased their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Northcoast Research assumed coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating for the company. Finally, Citigroup cut their target price on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. 4.96% of the stock is currently owned by insiders.

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.