First Trust Direct Indexing L.P. Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

First Trust Direct Indexing L.P. grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 22.7% in the third quarter, HoldingsChannel.com reports. The fund owned 1,904 shares of the aerospace company’s stock after purchasing an additional 352 shares during the period. First Trust Direct Indexing L.P.’s holdings in TransDigm Group were worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in TransDigm Group by 70.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 306 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 126 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of TransDigm Group by 24.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company’s stock worth $664,000 after buying an additional 91 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at $1,166,000. Bay Rivers Group lifted its holdings in shares of TransDigm Group by 28.5% during the 3rd quarter. Bay Rivers Group now owns 212 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 47 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new position in TransDigm Group in the third quarter worth $4,982,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,944 shares of company stock valued at $35,823,485. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. Truist Financial raised their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Susquehanna raised their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Northcoast Research assumed coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,451.94.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,330.51 on Thursday. The stock’s 50-day moving average is $1,368.33 and its 200 day moving average is $1,310.91. The company has a market cap of $74.66 billion, a PE ratio of 49.22, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $817.62 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm earned $6.55 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $75.00 dividend. 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.

TransDigm Group 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.