TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3,854.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,316 shares of the aerospace company’s stock after purchasing an additional 7,131 shares during the quarter. Smith Salley Wealth Management’s holdings in TransDigm Group were worth $10,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its position in TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares during the last quarter. Team Hewins LLC raised its holdings in TransDigm Group by 3.0% during the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 8 shares during the last quarter. Souders Financial Advisors boosted its position in TransDigm Group by 1.1% during the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares in the last quarter. Bennett Selby Investments LP grew its holdings in TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 8 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its position in shares of TransDigm Group by 1.2% in the first quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock valued at $924,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction 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 approximately $5,046,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on 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 owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,944 shares of company stock valued at $35,823,485. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.7 %

Shares of TransDigm Group stock opened at $1,354.83 on Friday. The stock has a market capitalization of $75.81 billion, a P/E ratio of 53.74, a PEG ratio of 1.84 and a beta of 1.43. The business’s fifty day moving average price is $1,366.86 and its 200 day moving average price is $1,308.60. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32.

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

TransDigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley raised their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. 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. Finally, Wells Fargo & Company reduced their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,451.94.

About TransDigm Group

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.