Cavalier Investments LLC Raises Position in TransDigm Group Incorporated (NYSE:TDG)

Cavalier Investments LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,906 shares of the aerospace company’s stock after acquiring an additional 69 shares during the period. Cavalier Investments LLC’s holdings in TransDigm Group were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. boosted its holdings in shares of TransDigm Group by 2.3% in the third quarter. Riggs Asset Managment Co. Inc. now owns 4,932 shares of the aerospace company’s stock valued at $7,039,000 after acquiring an additional 112 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of TransDigm Group by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 6,525 shares of the aerospace company’s stock valued at $9,312,000 after acquiring an additional 440 shares in the last quarter. Smith Salley Wealth Management boosted its holdings in shares of TransDigm Group by 3,854.6% in the third quarter. Smith Salley Wealth Management now owns 7,316 shares of the aerospace company’s stock valued at $10,441,000 after acquiring an additional 7,131 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of TransDigm Group by 4.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 29,877 shares of the aerospace company’s stock valued at $41,673,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Covenant Partners LLC purchased a new stake in TransDigm Group during the third quarter worth about $390,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Susquehanna boosted their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,451.94.

TransDigm Group Price Performance

NYSE:TDG opened at $1,354.83 on Monday. The firm has a 50 day simple moving average of $1,366.86 and a 200-day simple moving average of $1,309.22. The firm has a market cap of $76.02 billion, a PE ratio of 50.12, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $811.42 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $6.55 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This represents a 0.00 % 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. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. 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 can be accessed through this link. 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 completion of 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock valued at $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.