Prospera Financial Services Inc Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Prospera Financial Services Inc bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 145 shares of the aerospace company’s stock, valued at approximately $207,000.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after purchasing an additional 789 shares during the last quarter. CIBC Asset Management Inc increased its stake in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after purchasing an additional 644 shares in the last quarter. Cetera Investment Advisers raised its holdings in TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after buying an additional 1,907 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of TransDigm Group by 130.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock worth $35,981,000 after buying an additional 16,578 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Up 0.1 %

NYSE TDG opened at $1,261.52 on Tuesday. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The company has a market capitalization of $70.94 billion, a P/E ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The stock’s 50-day moving average price is $1,357.52 and its 200-day moving average price is $1,317.87.

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 an increase from TransDigm Group’s previous special dividend of $32.50.

Analyst Ratings Changes

TDG has been the subject of several analyst reports. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Citigroup lowered their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. UBS Group lowered their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated 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 approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 over the last three months. 4.96% of the stock is currently owned by company 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.