Solidarity Wealth LLC Has $2.61 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Solidarity Wealth LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,827 shares of the aerospace company’s stock after selling 200 shares during the quarter. Solidarity Wealth LLC’s holdings in TransDigm Group were worth $2,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Whittier Trust Co. of Nevada Inc. grew its stake in shares of TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after purchasing an additional 8 shares during the period. Team Hewins LLC grew its position in shares of TransDigm Group by 3.0% during the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after buying an additional 8 shares during the period. Souders Financial Advisors increased its stake in shares of TransDigm Group by 1.1% in the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after acquiring an additional 8 shares during the last quarter. Bennett Selby Investments LP boosted its stake in TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after acquiring an additional 8 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in TransDigm Group by 1.2% during the first quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after purchasing an additional 9 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TDG shares. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Truist Financial raised their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group decreased their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,451.94.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,944 shares of company stock valued at $35,823,485 over the last quarter. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,330.51 on Thursday. The firm has a market cap of $74.66 billion, a price-to-earnings ratio of 49.22, a P/E/G ratio of 1.84 and a beta of 1.43. TransDigm Group Incorporated has a 52 week low of $817.62 and a 52 week high of $1,451.32. The firm’s 50-day simple moving average is $1,368.33 and its 200 day simple moving average is $1,310.91.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.55 earnings per share. Sell-side analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

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

TransDigm Group Company 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.