PGGM Investments Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

PGGM Investments raised its stake in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 88.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,757 shares of the aerospace company’s stock after purchasing an additional 1,292 shares during the period. PGGM Investments’ holdings in TransDigm Group were worth $2,325,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. West Tower Group LLC bought a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $36,000. Valley National Advisers Inc. bought a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $42,000. Resurgent Financial Advisors LLC bought a new stake in shares of TransDigm Group in the 4th quarter worth approximately $30,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $41,000. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 0.9 %

Shares of TDG opened at $1,123.76 on Monday. TransDigm Group Incorporated has a 1-year low of $686.46 and a 1-year high of $1,129.42. The firm has a market capitalization of $62.47 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 2.27 and a beta of 1.43. The firm’s 50-day moving average price is $1,014.14 and its 200-day moving average price is $927.27.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company posted $4.74 EPS. TransDigm Group’s revenue was up 22.6% on a year-over-year basis. On average, research analysts forecast that TransDigm Group Incorporated will post 30.07 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 20th were given a dividend of $35.00 per share. This is a boost from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date of this dividend was Friday, November 17th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group started coverage on shares of TransDigm Group in a report on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 price objective for the company. Royal Bank of Canada raised their price target on shares of TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Alembic Global Advisors lowered shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 15th. Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, William Blair began coverage on shares of TransDigm Group in a report on Tuesday, December 12th. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,020.80.

View Our Latest Analysis on TDG

Insider Activity at TransDigm Group

In related news, Director Jorge Valladares sold 3,141 shares of TransDigm Group stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $11,019,030. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,680,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorge Valladares sold 3,141 shares of TransDigm Group stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $11,019,030. The disclosure for this sale can be found here. Insiders sold a total of 154,560 shares of company stock valued at $153,407,756 in the last three months. Company insiders own 4.96% of the company’s stock.

TransDigm Group Profile

(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.

Further Reading

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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