TriaGen Wealth Management LLC Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

TriaGen Wealth Management LLC has reduced its stake in TransDigm Group (NYSE:TDG) by 81.1% in Q3, now holding 194 shares after selling 830. Other institutional investors like Vanguard and JPMorgan have increased their stakes. TransDigm's stock recently traded at $397.16, with a market cap of $21.18 billion. The company reported earnings of $3.00 per share, exceeding estimates, and announced a special dividend of $1.00. Analysts have set various price targets, with Deutsche Bank raising theirs to $577.00 and maintaining a "buy" rating.

TriaGen Wealth Management LLC reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 81.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194 shares of the aerospace company's stock after selling 830 shares during the period. TriaGen Wealth Management LLC's holdings in TransDigm Group were worth $277,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock worth $7,447,587,000 after purchasing an additional 58,243 shares in the last quarter. Capital World Investors increased its stake in shares of TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after purchasing an additional 442,182 shares in the last quarter. Capital Research Global Investors increased its stake in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company's stock worth $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock worth $2,056,109,000 after purchasing an additional 192,962 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company's stock worth $467,282,000 after purchasing an additional 9,180 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded down $4.80 during trading on Friday, hitting $1,397.16. The stock had a trading volume of 133,997 shares, compared to its average volume of 216,534. The firm's fifty day simple moving average is $1,356.51 and its 200-day simple moving average is $1,303.16. The stock has a market cap of $78.18 billion, a PE ratio of 55.42, a PEG ratio of 1.90 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $811.42 and a 12 month high of $1,451.32.

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TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business's revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $6.55 EPS. 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 disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued 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.

Analysts Set New Price Targets

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TDG has been the subject of a number of analyst reports. Northcoast Research initiated coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating for the company. Wells Fargo & Company cut their target price on shares of 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Susquehanna raised their target price on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,448.41.

View Our Latest Stock Report on TDG

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated 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 owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock worth $35,823,485 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Company Profile

(Free Report)

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.

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