TransDigm Group Incorporated (NYSE:TDG) Stock Position Lifted by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230 shares of the aerospace company’s stock after acquiring an additional 8 shares during the quarter. Prosperity Financial Group Inc.’s holdings in TransDigm Group were worth $328,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TDG. Darsana Capital Partners LP bought a new stake in TransDigm Group during the 2nd quarter valued at $210,806,000. International Assets Investment Management LLC increased its holdings in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of TransDigm Group by 2,868.8% during the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after purchasing an additional 48,769 shares during the period. Citigroup Inc. raised its stake in shares of TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after purchasing an additional 32,609 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in TransDigm Group in the second quarter worth about $35,134,000. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Up 1.6 %

TDG opened at $1,260.32 on Monday. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The firm has a market capitalization of $70.87 billion, a P/E ratio of 49.23, a PEG ratio of 2.84 and a beta of 1.43. The stock has a fifty day moving average of $1,359.76 and a 200-day moving average of $1,318.28.

TransDigm Group Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on TDG shares. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. UBS Group decreased their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. KeyCorp lifted their target price 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. Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Morgan Stanley lifted 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 research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

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.