Signature Estate & Investment Advisors LLC Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

Signature Estate & Investment Advisors LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 17.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 534 shares of the aerospace company’s stock after buying an additional 79 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in TransDigm Group were worth $762,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of TransDigm Group by 7.0% in the first quarter. QRG Capital Management Inc. now owns 549 shares of the aerospace company’s stock worth $677,000 after acquiring an additional 36 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of TransDigm Group by 47.8% in the first quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock worth $1,081,000 after acquiring an additional 284 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of TransDigm Group by 24.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 583 shares of the aerospace company’s stock worth $718,000 after acquiring an additional 113 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of TransDigm Group in the first quarter worth approximately $236,000. Finally, Pinkerton Retirement Specialists LLC bought a new stake in shares of TransDigm Group in the first quarter worth approximately $203,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Northcoast Research assumed coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. 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. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Stock Performance

TDG stock opened at $1,254.16 on Friday. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The company’s fifty day moving average price is $1,366.93 and its 200-day moving average price is $1,318.66. The company has a market capitalization of $70.52 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

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.