Zega Financial LLC Has $909,000 Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Zega Financial LLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 637 shares of the aerospace company’s stock after selling 19 shares during the quarter. Zega Financial LLC’s holdings in TransDigm Group were worth $909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zurich Insurance Group Ltd FI increased its position in TransDigm Group by 49.7% during the third quarter. Zurich Insurance Group Ltd FI now owns 94,537 shares of the aerospace company’s stock worth $134,917,000 after buying an additional 31,376 shares during the last quarter. National Bank of Canada FI increased its position in TransDigm Group by 47.4% during the third quarter. National Bank of Canada FI now owns 31,834 shares of the aerospace company’s stock worth $45,431,000 after buying an additional 10,235 shares during the last quarter. iA Global Asset Management Inc. increased its position in TransDigm Group by 288.4% during the third quarter. iA Global Asset Management Inc. now owns 28,543 shares of the aerospace company’s stock worth $40,735,000 after buying an additional 21,194 shares during the last quarter. EP Wealth Advisors LLC increased its position in TransDigm Group by 3.0% during the third quarter. EP Wealth Advisors LLC now owns 6,298 shares of the aerospace company’s stock worth $8,988,000 after buying an additional 183 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in TransDigm Group by 12.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 4,881 shares of the aerospace company’s stock worth $6,966,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,464.00.

TransDigm Group Price Performance

Shares of TDG opened at $1,277.00 on Friday. TransDigm Group Incorporated has a one year low of $965.69 and a one year high of $1,451.32. The company has a market cap of $71.81 billion, a P/E ratio of 49.88, a P/E/G ratio of 2.99 and a beta of 1.39. The firm has a 50 day simple moving average of $1,333.48 and a two-hundred day simple moving average of $1,315.97.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s 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 completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 over the last three months. Corporate insiders own 4.96% of the company’s stock.

About TransDigm Group

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.