Alliance Wealth Advisors LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 2.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,233 shares of the aerospace company's stock after selling 98 shares during the period. TransDigm Group comprises about 1.5% of Alliance Wealth Advisors LLC's investment portfolio, making the stock its 17th largest holding. Alliance Wealth Advisors LLC's holdings in TransDigm Group were worth $1,735,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TDG. Schroder Investment Management Group increased its holdings in shares of TransDigm Group by 5.8% in the fourth quarter. Schroder Investment Management Group now owns 3,355 shares of the aerospace company's stock valued at $2,135,000 after purchasing an additional 185 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in TransDigm Group by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 176,767 shares of the aerospace company's stock worth $112,473,000 after acquiring an additional 11,947 shares during the period. LPL Financial LLC boosted its position in shares of TransDigm Group by 13.1% during the fourth quarter. LPL Financial LLC now owns 11,822 shares of the aerospace company's stock worth $7,522,000 after purchasing an additional 1,369 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of TransDigm Group by 14.4% during the fourth quarter. Guggenheim Capital LLC now owns 4,119 shares of the aerospace company's stock worth $2,620,000 after purchasing an additional 517 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in TransDigm Group by 0.4% in the 4th quarter. Wetherby Asset Management Inc. now owns 3,866 shares of the aerospace company's stock valued at $2,460,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.
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Insider Activity at TransDigm Group
In other TransDigm Group news, Director W Nicholas Howley sold 11,500 shares of the business's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $540.70, for a total value of $6,218,050.00. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $11,651,003.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sean P. Hennessy sold 4,478 shares of the company's stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $678.14, for a total transaction of $3,036,710.92. Following the completion of the sale, the director now owns 33,935 shares of the company's stock, valued at approximately $23,012,680.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 11,500 shares of the company's stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $540.70, for a total transaction of $6,218,050.00. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $11,651,003.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,978 shares of company stock worth $39,563,556. Insiders own 8.96% of the company's stock.
TransDigm Group Price Performance
TransDigm Group stock opened at $540.24 on Thursday. The firm has a market capitalization of $29.30 billion, a PE ratio of 41.43, a P/E/G ratio of 1.87 and a beta of 1.42. The company's 50-day moving average is $613.53 and its 200-day moving average is $601.11. TransDigm Group Incorporated has a fifty-two week low of $500.08 and a fifty-two week high of $686.06.
TransDigm Group (NYSE:TDG – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The aerospace company reported $4.36 EPS for the quarter, beating analysts' consensus estimates of $3.98 by $0.38. TransDigm Group had a net margin of 15.56% and a negative return on equity of 30.80%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $2.89 EPS. TransDigm Group's quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that TransDigm Group Incorporated will post 15.01 EPS for the current year.
TransDigm Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 19th were paid a $18.50 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $74.00 dividend on an annualized basis and a yield of 13.70%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on TDG shares. Susquehanna boosted their price objective on shares of TransDigm Group from $629.00 to $685.00 and gave the company a "neutral" rating in a research report on Wednesday, August 10th. TheStreet raised shares of TransDigm Group from a "c" rating to a "b-" rating in a research report on Thursday, August 18th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Thursday, August 11th. Truist Financial cut their price target on shares of TransDigm Group from $786.00 to $700.00 and set a "buy" rating on the stock in a research report on Tuesday, July 19th. Finally, Cfra boosted their price target on shares of TransDigm Group to $680.00 in a research report on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $718.08.
About TransDigm Group
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TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.
Further Reading
- Get a free copy of the StockNews.com research report on TransDigm Group (TDG)
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