Cornerstone Advisors LLC Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

Cornerstone Advisors LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,800 shares of the aerospace company’s stock after buying an additional 100 shares during the period. Cornerstone Advisors LLC’s holdings in TransDigm Group were worth $5,423,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TDG. Orion Portfolio Solutions LLC grew its holdings in TransDigm Group by 47.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock worth $1,081,000 after acquiring an additional 284 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in TransDigm Group by 19.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock valued at $3,446,000 after buying an additional 452 shares during the last quarter. Clearbridge Investments LLC bought a new stake in TransDigm Group during the first quarter valued at approximately $5,699,000. CANADA LIFE ASSURANCE Co increased its position in TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock worth $23,781,000 after buying an additional 819 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in shares of TransDigm Group during the first quarter worth about $245,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

NYSE TDG opened at $1,293.11 on Thursday. The firm has a market cap of $72.71 billion, a P/E ratio of 50.51, a price-to-earnings-growth ratio of 2.21 and a beta of 1.43. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32. The stock’s 50-day moving average is $1,364.06 and its two-hundred day moving average is $1,319.02.

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 $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,944 shares of company stock worth $23,541,085. Insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TDG. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.