FSM Wealth Advisors LLC Makes New $232,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

FSM Wealth Advisors LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 162 shares of the aerospace company’s stock, valued at approximately $232,000.

Several other hedge funds have also recently modified their holdings of the stock. Team Hewins LLC lifted its holdings in shares of TransDigm Group by 3.0% in the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors lifted its holdings in shares of TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after buying an additional 8 shares in the last quarter. Bennett Selby Investments LP lifted its holdings in shares of TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock worth $429,000 after buying an additional 8 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings 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 worth $924,000 after buying an additional 9 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of TransDigm Group by 1.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Truist Financial upped their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,451.94.

Insiders Place Their Bets

In other TransDigm Group 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 transaction of $12,282,400.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 in the last three months. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 1.7 %

NYSE TDG opened at $1,337.60 on Wednesday. The company’s 50-day moving average price is $1,368.32 and its 200-day moving average price is $1,314.53. The stock has a market cap of $75.05 billion, a PE ratio of 49.49, a PEG ratio of 1.79 and a beta of 1.43. TransDigm Group Incorporated has a 12 month low of $874.95 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly 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. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business posted $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The firm also recently announced 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. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.