TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its stake in TransDigm Group Incorporated (NYSE:TDG) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,924 shares of the aerospace company’s stock after selling 158 shares during the period. Centaurus Financial Inc.’s holdings in TransDigm Group were worth $2,746,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TDG. Lazard Asset Management LLC raised its stake in shares of TransDigm Group by 31.2% during the first quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock valued at $486,000 after purchasing an additional 94 shares during the period. Ascent Group LLC lifted its holdings in TransDigm Group by 2.3% in the 1st quarter. Ascent Group LLC now owns 992 shares of the aerospace company’s stock worth $1,222,000 after buying an additional 22 shares in the last quarter. Kodai Capital Management LP purchased a new position in TransDigm Group in the 1st quarter valued at about $12,740,000. Kennedy Capital Management LLC acquired a new stake in shares of TransDigm Group during the first quarter valued at about $5,706,000. Finally, Iron Gate Global Advisors LLC purchased a new stake in shares of TransDigm Group during the first quarter worth about $234,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TDG. Wells Fargo & Company dropped 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 report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s 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 owns 21,548 shares in the company, valued at approximately $29,659,098.16. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,260.32 on Friday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The business has a fifty day moving average of $1,359.76 and a 200-day moving average of $1,318.25. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.19 and a beta of 1.43.

TransDigm Group Increases Dividend

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

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.