658 Transdigm Group Incorporated $TDG Shares Sold by Third View Private Wealth LLC

Third View Private Wealth LLC reduced its stake in Transdigm Group Incorporated (NYSE:TDG) by 25.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,906 shares of the aerospace company’s stock after selling 658 shares during the period. Third View Private Wealth LLC’s holdings in Transdigm Group were worth $2,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stockbridge Partners LLC purchased a new stake in Transdigm Group in the second quarter valued at $578,480,000. Veritas Asset Management LLP grew its holdings in shares of Transdigm Group by 3.0% during the second quarter. Veritas Asset Management LLP now owns 137,969 shares of the aerospace company’s stock worth $183,780,000 after purchasing an additional 3,995 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Transdigm Group by 106.4% during the second quarter. The Manufacturers Life Insurance Company now owns 392,447 shares of the aerospace company’s stock worth $522,754,000 after purchasing an additional 202,300 shares during the last quarter. Mill Capital Management LLC purchased a new position in shares of Transdigm Group during the second quarter worth about $33,454,000. Finally, LGT Fund Management Co Ltd. acquired a new stake in shares of Transdigm Group during the first quarter worth about $1,395,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other news, Director W. Howley sold 10,132 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the transaction, the director owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. The trade was a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 4,100 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,060,944. This trade represents a 53.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,032 shares of company stock valued at $26,250,979 over the last ninety days. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets reduced their target price on Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Royal Bank Of Canada dropped their price target on Transdigm Group from $1,350.00 to $1,200.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Guggenheim began coverage on Transdigm Group in a research note on Tuesday, September 15th. They set a “neutral” rating on the stock. Melius Research lowered Transdigm Group from a “buy” rating to a “hold” rating and set a $1,331.00 price target on the stock. in a research report on Monday, September 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transdigm Group in a research note on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Transdigm Group presently has an average rating of “Hold” and an average price target of $1,428.40.

Transdigm Group Stock Performance

NYSE TDG opened at $1,206.02 on Wednesday. The firm’s fifty day moving average is $1,129.59 and its two-hundred day moving average is $1,226.80. Transdigm Group Incorporated has a one year low of $1,071.25 and a one year high of $1,463.03. The firm has a market cap of $67.45 billion, a PE ratio of 36.59, a P/E/G ratio of 1.74 and a beta of 0.98.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share for the quarter, topping the consensus estimate of $10.30 by $0.57. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.60 earnings per share. Research analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.

About Transdigm Group

TransDigm Group Incorporated (NYSE: TDG) is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.