MorganRosel Wealth Management LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 756 shares of the aerospace company's stock, valued at approximately $1,079,000.
Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of TransDigm Group by 283.3% in the 2nd 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 in the 1st quarter worth about $30,000. Meeder Asset Management Inc. raised its position in TransDigm Group by 275.0% in 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 TransDigm Group during the 1st quarter valued at about $39,000. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 95.78% of the company's stock.
TDG stock opened at $1,410.42 on Friday. The company has a market capitalization of $79.14 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32. The business has a 50 day simple moving average of $1,339.33 and a two-hundred day simple moving average of $1,297.76.
TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts' consensus estimates of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates 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 for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.55 earnings per share. Sell-side analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a dividend of $75.00 per share. The ex-dividend date of this dividend is Friday, October 4th. This is a positive change from TransDigm Group's previous special dividend of $32.50.
TDG has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Truist Financial increased their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley boosted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,441.35.
Get Our Latest Research Report on TransDigm Group
In related news, COO Joel Reiss sold 3,000 shares of the business's 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company'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 owns 8,158 shares in the company, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,545 shares of company stock worth $33,968,828 in the last quarter. 4.96% of the stock is owned by corporate insiders.
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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