Kornitzer Capital Management Inc. KS Sells 500 Shares of TransDigm Group Incorporated (NYSE:TDG)

Kornitzer Capital Management Inc. KS decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,347 shares of the aerospace company’s stock after selling 500 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in TransDigm Group were worth $3,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors raised its stake in shares of TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after acquiring an additional 442,182 shares during the last quarter. Capital Research Global Investors raised its stake in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after acquiring an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after acquiring an additional 9,180 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TDG. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Truist Financial boosted their price objective on shares of 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. UBS Group reduced their price objective on 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. Northcoast Research began coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Trading Down 3.8 %

TDG stock opened at $1,329.39 on Friday. The stock has a 50-day moving average price of $1,369.27 and a two-hundred day moving average price of $1,315.00. The stock has a market cap of $74.59 billion, a PE ratio of 49.18, a price-to-earnings-growth ratio of 1.79 and a beta of 1.43. TransDigm Group Incorporated has a 1 year low of $886.76 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The firm 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 was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.55 EPS. On average, analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Transactions at TransDigm Group

In other 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, 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 is accessible through the SEC website. Also, 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 completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,944 shares of company stock worth $35,823,485 in the last three months. Insiders own 4.96% of the company’s stock.

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.