MAI Capital Management Sells 48 Shares of TransDigm Group Incorporated (NYSE:TDG)

MAI Capital Management cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 693 shares of the aerospace company’s stock after selling 48 shares during the period. MAI Capital Management’s holdings in TransDigm Group were worth $989,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bennett Selby Investments LP boosted its holdings in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors boosted its stake in TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in TransDigm Group by 1.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 763 shares of the aerospace company’s stock worth $940,000 after purchasing an additional 9 shares during the period. Csenge Advisory Group grew its holdings in TransDigm Group by 0.3% in the second quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock worth $4,757,000 after purchasing an additional 10 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock valued at $715,000 after purchasing an additional 11 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Price Performance

NYSE:TDG opened at $1,240.13 on Friday. The business has a fifty day moving average price of $1,361.91 and a 200-day moving average price of $1,318.48. The firm has a market capitalization of $69.73 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. 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.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 in the last three months. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDG. KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Citigroup reduced their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Jefferies Financial Group reduced their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Morgan Stanley increased their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.