Meadow Creek Investment Management LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 38.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,026 shares of the aerospace company’s stock after selling 2,464 shares during the period. Meadow Creek Investment Management LLC’s holdings in TransDigm Group were worth $1,948,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Bremer Bank National Association bought a new position in TransDigm Group in the 1st quarter worth approximately $32,000. Princeton Global Asset Management LLC acquired a new position in shares of TransDigm Group in the first quarter worth about $34,000. Commonwealth Bank of Australia lifted its stake in shares of TransDigm Group by 65.9% in the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 29 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in shares of TransDigm Group by 147.4% in the second quarter. Cornerstone Advisors Inc. now owns 94 shares of the aerospace company’s stock worth $45,000 after acquiring an additional 56 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of TransDigm Group in the first quarter worth about $47,000. 99.64% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TDG traded up $7.80 on Friday, hitting $522.56. 5,629 shares of the stock traded hands, compared to its average volume of 382,625. The stock has a 50-day moving average of $519.08 and a 200 day moving average of $478.12. TransDigm Group Incorporated has a twelve month low of $307.36 and a twelve month high of $555.27. The company has a market capitalization of $26.95 billion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.
The firm also recently disclosed a dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $30.00 dividend. The ex-dividend date of this dividend was Thursday, August 15th.
Several research analysts recently commented on the company. Berenberg Bank set a $540.00 price target on TransDigm Group and gave the stock a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley boosted their price target on TransDigm Group from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Credit Suisse Group boosted their price target on TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price target on TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Cowen reiterated a “buy” rating and issued a $520.00 price target on shares of TransDigm Group in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. TransDigm Group has an average rating of “Buy” and a consensus price target of $540.42.
In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $521.36, for a total value of $8,906,392.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 151,458 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $534.78, for a total transaction of $80,996,709.24. The disclosure for this sale can be found here. Insiders sold a total of 273,700 shares of company stock valued at $145,335,349 in the last three months. Insiders own 11.89% of the company’s stock.
TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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