TransDigm Group Incorporated (NYSE:TDG) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in TransDigm Group Incorporated (NYSE:TDG) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,525 shares of the aerospace company’s stock after buying an additional 440 shares during the period. State of Alaska Department of Revenue’s holdings in TransDigm Group were worth $9,312,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Smith Salley Wealth Management boosted its holdings in TransDigm Group by 3,854.6% in the 3rd quarter. Smith Salley Wealth Management now owns 7,316 shares of the aerospace company’s stock worth $10,441,000 after buying an additional 7,131 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in TransDigm Group by 4.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 29,877 shares of the aerospace company’s stock worth $41,673,000 after buying an additional 1,246 shares during the last quarter. Covenant Partners LLC acquired a new stake in TransDigm Group in the 3rd quarter worth about $390,000. First Bank & Trust boosted its holdings in TransDigm Group by 60.1% in the 3rd quarter. First Bank & Trust now owns 1,039 shares of the aerospace company’s stock worth $1,483,000 after buying an additional 390 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in TransDigm Group by 33.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company’s stock worth $7,450,000 after buying an additional 1,322 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.7 %

Shares of NYSE TDG opened at $1,354.83 on Monday. The firm has a market cap of $76.02 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32. The business’s 50 day moving average is $1,366.86 and its two-hundred day moving average is $1,309.22.

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

TransDigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. KeyCorp lifted 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. Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,451.94.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,944 shares of company stock worth $35,823,485 over the last 90 days. 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.