Tower Wealth Partners Inc. Takes $201,000 Position in TransDigm Group Incorporated (NYSE:TDG)

by · The Cerbat Gem

Tower Wealth Partners Inc. acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 141 shares of the aerospace company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its position in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC bought a new stake in TransDigm Group during the 1st quarter worth about $30,000. Meeder Asset Management Inc. boosted 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 worth $38,000 after buying an additional 22 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group in the 1st quarter valued at about $39,000. Finally, DT Investment Partners LLC increased its position in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TDG shares. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Truist Financial upped their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group lowered their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, KeyCorp raised their price objective on 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. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,451.94.

Read Our Latest Stock Report on TDG

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,944 shares of company stock valued at $35,823,485. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,304.50 on Friday. TransDigm Group Incorporated has a fifty-two week low of $838.47 and a fifty-two week high of $1,451.32. The company has a market cap of $73.20 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 1.77 and a beta of 1.43. The stock has a fifty day moving average price of $1,367.83 and a 200-day moving average price of $1,311.52.

TransDigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. TransDigm Group’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.55 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

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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