Bryce Point Capital LLC Invests $738,000 in Transdigm Group Incorporated $TDG

by · The Cerbat Gem

Bryce Point Capital LLC acquired a new position in Transdigm Group Incorporated (NYSE:TDG – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 485 shares of the aerospace company’s stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after purchasing an additional 89,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Transdigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock worth $504,840,000 after purchasing an additional 14,703 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Transdigm Group by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company’s stock worth $490,533,000 after purchasing an additional 12,842 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after purchasing an additional 67,547 shares in the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of Transdigm Group by 5.6% in the 1st quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock worth $344,543,000 after purchasing an additional 13,286 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares of the company’s stock, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $27,988,050.76. The trade was a 11.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,512 shares of company stock worth $29,538,093 over the last three months. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TDG has been the subject of several analyst reports. Citigroup increased their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. Morgan Stanley dropped their target price on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Jefferies Financial Group dropped their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Susquehanna dropped their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,564.56.

Get Our Latest Research Report on Transdigm Group

Transdigm Group Price Performance

TDG opened at $1,299.77 on Tuesday. The business has a 50 day simple moving average of $1,306.78 and a two-hundred day simple moving average of $1,406.68. The firm has a market capitalization of $73.24 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82.

Transdigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $9.00 EPS. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Transdigm Group Company Profile

(Free Report)

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.

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