Cigna Investments Inc. New Sells 9 Shares of TransDigm Group Incorporated (NYSE:TDG)

Cigna Investments Inc. New trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.6% during the 3rd quarter, Holdings Channel reports. The firm owned 565 shares of the aerospace company’s stock after selling 9 shares during the period. Cigna Investments Inc. New’s holdings in TransDigm Group were worth $806,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group during the first quarter worth about $30,000. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in TransDigm Group during the 1st quarter valued at approximately $39,000. Finally, DT Investment Partners LLC boosted its stake in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 2.1 %

TransDigm Group stock opened at $1,301.40 on Friday. TransDigm Group Incorporated has a 12-month low of $817.62 and a 12-month high of $1,451.32. The firm has a 50-day moving average price of $1,368.27 and a 200-day moving average price of $1,310.85. The firm has a market capitalization of $73.02 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $6.55 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Susquehanna increased their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,451.94.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction 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 directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,944 shares of company stock valued at $35,823,485 in the last quarter. 4.96% of the stock is owned by 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.