Thrivent Financial for Lutherans Sells 3,069 Shares of TransDigm Group Incorporated (NYSE:TDG)

Thrivent Financial for Lutherans decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 35.6% during the third quarter, HoldingsChannel reports. The firm owned 5,553 shares of the aerospace company’s stock after selling 3,069 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TransDigm Group were worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of TransDigm Group in the third quarter worth $29,000. Meeder Asset Management Inc. raised its holdings 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 during the last quarter. DT Investment Partners LLC lifted its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in TransDigm Group in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.6 %

TDG opened at $1,260.32 on Friday. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The business has a fifty day simple moving average of $1,359.76 and a 200-day simple moving average of $1,318.20. The firm has a market cap of $70.87 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.21 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently announced 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. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last three months. 4.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TDG has been the subject of several recent analyst reports. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. KeyCorp raised their target price on shares of 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. Morgan Stanley upped their price target on 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. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, UBS Group reduced their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Company 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.