Point72 Hong Kong Ltd Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

Point72 Hong Kong Ltd lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 99.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99 shares of the aerospace company’s stock after selling 13,160 shares during the quarter. Point72 Hong Kong Ltd’s holdings in TransDigm Group were worth $141,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in TransDigm Group during the 3rd quarter valued at about $198,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of TransDigm Group in the third quarter worth approximately $214,000. Edgestream Partners L.P. raised its holdings in shares of TransDigm Group by 17.7% in the third quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company’s stock worth $8,733,000 after buying an additional 918 shares during the period. Finally, Acropolis Investment Management LLC bought a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $103,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,258.71 on Wednesday. The stock’s fifty day moving average price is $1,340.50 and its 200 day moving average price is $1,316.46. TransDigm Group Incorporated has a 1-year low of $950.93 and a 1-year high of $1,451.32. The company has a market cap of $70.78 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 2.84 and a beta of 1.39.

TransDigm Group Increases Dividend

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

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $5,046,300. The trade was a 45.45 % 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 in the last ninety days. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TDG shares. 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 research note on Wednesday, August 7th. Citigroup reduced their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group decreased 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 research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group 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.