DRW Securities LLC Acquires New Shares in TransDigm Group Incorporated (NYSE:TDG)

DRW Securities LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 491 shares of the aerospace company’s stock, valued at approximately $701,000.

Several other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position 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 buying an additional 17 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the third quarter valued at about $29,000. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC grew 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 purchasing an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.0 %

TDG stock opened at $1,261.06 on Wednesday. The company has a market cap of $70.91 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.84 and a beta of 1.43. The business has a fifty day simple moving average of $1,355.24 and a 200-day simple moving average of $1,317.52. 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 company also recently declared 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 of this dividend was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction 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 transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 in the last three months. 4.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. UBS Group decreased their price objective 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. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Jefferies Financial Group reduced their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, Susquehanna lifted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

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.