Thrivent Financial for Lutherans reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) by 35.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,553 shares of the aerospace company’s stock after selling 3,069 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TransDigm Group were worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the last quarter. First Personal Financial Services bought a new stake in shares of TransDigm Group during the 3rd quarter valued at $29,000. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new position in TransDigm Group in the second quarter valued at about $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Susquehanna raised their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group dropped their price objective 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 equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.
Get Our Latest Stock Analysis on TDG
TransDigm Group Stock Up 1.6 %
Shares of NYSE TDG opened at $1,260.32 on Friday. The firm’s fifty day moving average is $1,359.76 and its 200 day moving average is $1,318.20. The company has a market cap of $70.87 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.21 and a beta of 1.43. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week 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 issued a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.
Insider Buying and Selling at TransDigm Group
In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on 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 directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by insiders.
About TransDigm Group
(Free Report)
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.
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