Bamco Inc. NY Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Bamco Inc. NY grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,859 shares of the aerospace company’s stock after purchasing an additional 5,859 shares during the quarter. Bamco Inc. NY’s holdings in TransDigm Group were worth $151,075,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDG. FSA Wealth Management LLC acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $198,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Cobblestone Capital Advisors LLC NY acquired a new stake in shares of TransDigm Group in the third quarter valued at approximately $214,000. Edgestream Partners L.P. increased its holdings in shares of TransDigm Group by 17.7% in the 3rd quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company’s stock valued at $8,733,000 after acquiring an additional 918 shares during the period. Finally, Acropolis Investment Management LLC acquired a new position in shares of TransDigm Group in the 3rd quarter valued at $103,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group lowered their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Citigroup reduced 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, November 6th. Wells Fargo & Company lowered their target price on 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. 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 note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. 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 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 transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Trading Up 0.3 %

Shares of TransDigm Group stock opened at $1,252.97 on Monday. The company has a 50-day moving average of $1,346.89 and a two-hundred day moving average of $1,316.87. The stock has a market cap of $70.45 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.43. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued 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.

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.