Whitaker Myers Wealth Managers LTD. Grows Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Whitaker Myers Wealth Managers LTD. grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 26.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283 shares of the aerospace company’s stock after buying an additional 60 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in TransDigm Group were worth $404,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the period. ORG Partners LLC purchased a new position in shares of TransDigm Group in the first quarter valued at $30,000. Meeder Asset Management Inc. raised its stake in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the period. Central Pacific Bank Trust Division purchased a new stake in TransDigm Group during the 1st quarter worth about $39,000. Finally, Hershey Financial Advisers LLC bought a new position in TransDigm Group in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG stock opened at $1,397.16 on Friday. The company has a market capitalization of $78.18 billion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $811.42 and a one year high of $1,451.32. The company’s 50 day moving average price is $1,356.51 and its two-hundred day moving average price is $1,303.86.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $6.55 earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. 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 research report on Tuesday, August 13th. Wells Fargo & Company lowered their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,448.41.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the 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 value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. 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 the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,944 shares of company stock worth $35,823,485. 4.96% of the stock is currently owned by insiders.

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.