Catalina Capital Group LLC Buys 20 Shares of TransDigm Group Incorporated (NYSE:TDG)

Catalina Capital Group LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194 shares of the aerospace company’s stock after acquiring an additional 20 shares during the period. Catalina Capital Group LLC’s holdings in TransDigm Group were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norden Group LLC purchased a new position in TransDigm Group during the 1st quarter worth $443,000. Private Advisor Group LLC grew its position in shares of TransDigm Group by 112.3% during the 1st quarter. Private Advisor Group LLC now owns 1,558 shares of the aerospace company’s stock worth $1,919,000 after buying an additional 824 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the first quarter valued at $39,000. Texas Permanent School Fund Corp raised its holdings in shares of TransDigm Group by 0.6% in the first quarter. Texas Permanent School Fund Corp now owns 11,494 shares of the aerospace company’s stock valued at $14,156,000 after acquiring an additional 73 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its stake in TransDigm Group by 2,880.0% in the first quarter. Manchester Capital Management LLC now owns 149 shares of the aerospace company’s stock worth $184,000 after acquiring an additional 144 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,380.72 on Thursday. The company’s fifty day moving average price is $1,369.27 and its 200 day moving average price is $1,315.00. The stock has a market capitalization of $77.47 billion, a P/E ratio of 51.08, a P/E/G ratio of 1.79 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $879.35 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 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 net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.55 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company 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. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Citigroup decreased their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, KeyCorp boosted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

Insider Buying and Selling at TransDigm Group

In other 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 value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock valued at $35,823,485 over the last quarter. 4.96% of the stock is currently owned by insiders.

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.