Lido Advisors LLC Makes New $307,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Lido Advisors LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) during the second quarter, Holdings Channel.com reports. The institutional investor bought 343 shares of the aerospace company’s stock, valued at approximately $307,000.

Other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of TransDigm Group in the 3rd quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new position in shares of TransDigm Group in the 1st quarter worth about $28,000. Resurgent Financial Advisors LLC purchased a new position in shares of TransDigm Group in the 4th quarter worth about $30,000. Smithfield Trust Co boosted its holdings in shares of TransDigm Group by 75.0% in the 1st quarter. Smithfield Trust Co now owns 56 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 24 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new position in shares of TransDigm Group in the 2nd quarter worth about $42,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TDG. Royal Bank of Canada upped their price objective on TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. UBS Group started coverage on TransDigm Group in a report on Tuesday, October 10th. They set a “neutral” rating and a $950.00 target price for the company. Barclays increased their target price on TransDigm Group from $930.00 to $1,040.00 and gave the company an “overweight” rating in a report on Monday, August 14th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TransDigm Group in a report on Wednesday, September 27th. They set a “buy” rating and a $1,001.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $997.54.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $862.38, for a total transaction of $2,587,140.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $3,104,568. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Jorge Valladares sold 3,141 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $1,001.73, for a total transaction of $3,146,433.93. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $11,019,030. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $862.38, for a total value of $2,587,140.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $3,104,568. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,141 shares of company stock valued at $95,297,122. Corporate insiders own 7.18% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $964.36 on Tuesday. TransDigm Group Incorporated has a 52-week low of $599.42 and a 52-week high of $1,013.08. The firm has a market capitalization of $53.34 billion, a P/E ratio of 43.79, a P/E/G ratio of 1.63 and a beta of 1.38. The stock has a 50 day moving average price of $871.28 and a 200-day moving average price of $858.95.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.10 by $0.93. TransDigm Group had a negative return on equity of 52.68% and a net margin of 19.70%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $4.74 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that TransDigm Group Incorporated will post 28.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 20th will be given a $35.00 dividend. The ex-dividend date is Friday, November 17th. This is a positive change from TransDigm Group’s previous special dividend of $22.00.

TransDigm Group Profile

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.