Chicago Partners Investment Group LLC Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Chicago Partners Investment Group LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 78.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,807 shares of the aerospace company’s stock after purchasing an additional 1,679 shares during the period. Chicago Partners Investment Group LLC’s holdings in TransDigm Group were worth $5,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TDG. Norden Group LLC purchased a new position in TransDigm Group in the 1st quarter valued at approximately $443,000. Private Advisor Group LLC increased its position 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 buying an additional 824 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of TransDigm Group by 35.7% during the 1st quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock worth $87,297,000 after buying an additional 18,655 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of TransDigm Group by 20.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,987 shares of the aerospace company’s stock worth $12,300,000 after buying an additional 1,723 shares during the last quarter. Finally, Capstone Investment Advisors LLC grew its stake in TransDigm Group by 131.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 990 shares of the aerospace company’s stock valued at $1,219,000 after acquiring an additional 562 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,304.50 on Friday. The firm has a market capitalization of $73.20 billion, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43. The company has a 50 day moving average price of $1,367.83 and a 200 day moving average price of $1,311.52. TransDigm Group Incorporated has a one year low of $838.47 and a one year high of $1,451.32.

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, beating analysts’ consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.55 earnings per share. As a group, equities analysts forecast that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. 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 report on Wednesday, August 7th. Finally, Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,451.94.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’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 approximately $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock valued at $35,823,485 over the last ninety days. Corporate 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.