Primecap Management Co. CA Acquires 900 Shares of TransDigm Group Incorporated (NYSE:TDG)

Primecap Management Co. CA boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.2% in the third quarter, Holdings Channel reports. The fund owned 513,194 shares of the aerospace company’s stock after purchasing an additional 900 shares during the quarter. Primecap Management Co. CA’s holdings in TransDigm Group were worth $732,395,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of TDG. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter worth about $29,000. Meeder Asset Management Inc. increased its position in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. DT Investment Partners LLC increased its position in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group in the second quarter worth about $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TDG. Wells Fargo & Company reduced their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, KeyCorp upped their price target on 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. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Price Performance

NYSE TDG opened at $1,293.11 on Thursday. The stock has a market capitalization of $72.71 billion, a PE ratio of 50.51, a P/E/G ratio of 2.21 and a beta of 1.43. The business has a 50 day simple moving average of $1,364.06 and a two-hundred day simple moving average of $1,319.02. TransDigm Group Incorporated has a 1-year low of $949.99 and a 1-year high of $1,451.32.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last quarter. 4.96% of the stock is owned by corporate insiders.

TransDigm Group 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.