Aurora Investment Managers LLC. Takes Position in TransDigm Group Incorporated (NYSE:TDG)

by · The Cerbat Gem

Aurora Investment Managers LLC. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,814 shares of the aerospace company’s stock, valued at approximately $2,373,000. TransDigm Group makes up about 1.9% of Aurora Investment Managers LLC.’s portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. FMR LLC boosted its holdings in shares of TransDigm Group by 217.5% in the first quarter. FMR LLC now owns 1,340,675 shares of the aerospace company’s stock valued at $988,145,000 after acquiring an additional 918,393 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 567.9% during the second quarter. JPMorgan Chase & Co. now owns 758,088 shares of the aerospace company’s stock worth $677,860,000 after buying an additional 644,578 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in TransDigm Group by 128.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after buying an additional 459,787 shares in the last quarter. Capital World Investors boosted its holdings in TransDigm Group by 17.9% during the second quarter. Capital World Investors now owns 2,206,880 shares of the aerospace company’s stock worth $1,973,326,000 after buying an additional 335,334 shares in the last quarter. Finally, Norges Bank bought a new stake in TransDigm Group during the fourth quarter worth approximately $180,823,000. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TDG. Truist Financial restated a “buy” rating and set a $1,044.00 target price on shares of TransDigm Group in a report on Friday, October 20th. Royal Bank of Canada raised their target price on shares of TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Alembic Global Advisors cut shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, November 15th. UBS Group initiated coverage on shares of TransDigm Group in a research report on Tuesday, October 10th. They issued a “neutral” rating and a $950.00 price target for the company. Finally, StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $997.71.

View Our Latest Stock Report on TDG

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 39,558 shares of TransDigm Group stock in a transaction on Monday, November 20th. The shares were sold at an average price of $965.20, for a total value of $38,181,381.60. Following the completion of the sale, the director now owns 179,615 shares of the company’s stock, valued at approximately $173,364,398. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, October 16th. The shares were sold at an average price of $862.38, for a total value of $2,587,140.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $3,104,568. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 39,558 shares of TransDigm Group stock in a transaction on Monday, November 20th. The stock was sold at an average price of $965.20, for a total transaction of $38,181,381.60. Following the completion of the transaction, the director now owns 179,615 shares in the company, valued at approximately $173,364,398. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,871 shares of company stock valued at $100,672,412. Insiders own 7.18% of the company’s stock.

TransDigm Group Stock Down 2.4 %

Shares of NYSE:TDG opened at $986.92 on Friday. The firm has a fifty day moving average of $916.00 and a two-hundred day moving average of $880.01. The firm has a market capitalization of $54.59 billion, a P/E ratio of 44.82, a price-to-earnings-growth ratio of 2.06 and a beta of 1.41. TransDigm Group Incorporated has a 12-month low of $599.42 and a 12-month high of $1,015.72.

TransDigm Group (NYSE:TDG – Get Free Report) last issued its earnings results on Thursday, November 9th. The aerospace company reported $8.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.10 by $0.93. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $4.74 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 30.21 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 20th were paid a $35.00 dividend. The ex-dividend date was Friday, November 17th. This is a positive change from TransDigm Group’s previous special dividend of $22.00.

TransDigm Group Company Profile

(Free Report)

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.

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