Mason Street Advisors LLC Increases Position in TransDigm Group Incorporated (NYSE:TDG)

Mason Street Advisors LLC grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,072 shares of the aerospace company’s stock after buying an additional 94 shares during the period. Mason Street Advisors LLC’s holdings in TransDigm Group were worth $3,682,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TDG. Usca Ria LLC purchased a new stake in shares of TransDigm Group in the third quarter valued at about $30,000. Commonwealth Bank of Australia increased its stake in shares of TransDigm Group by 65.9% during the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 29 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of TransDigm Group by 46.8% during the third quarter. Parkside Financial Bank & Trust now owns 69 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 22 shares during the period. Whittier Trust Co. increased its stake in shares of TransDigm Group by 1,825.0% during the third quarter. Whittier Trust Co. now owns 77 shares of the aerospace company’s stock worth $40,000 after acquiring an additional 73 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of TransDigm Group during the third quarter worth about $44,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Shares of TDG stock traded up $5.41 during trading hours on Wednesday, hitting $549.91. The company’s stock had a trading volume of 7,162 shares, compared to its average volume of 324,079. The business has a fifty day moving average of $524.69 and a 200-day moving average of $500.84. The stock has a market cap of $29.00 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of 2.28 and a beta of 0.95. TransDigm Group Incorporated has a twelve month low of $311.46 and a twelve month high of $555.27.

A number of brokerages have recently issued reports on TDG. Cowen reiterated a “buy” rating and set a $590.00 price target on shares of TransDigm Group in a research note on Wednesday, September 18th. Credit Suisse Group upped their target price on shares of TransDigm Group from $582.66 to $584.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays set a $610.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group upped their target price on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $558.82.

In related news, insider Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $536.99, for a total transaction of $4,474,737.67. Following the transaction, the insider now owns 12,643 shares of the company’s stock, valued at $6,789,164.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 9,900 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $519.08, for a total transaction of $5,138,892.00. Following the transaction, the chief executive officer now directly owns 11,247 shares in the company, valued at approximately $5,838,092.76. The disclosure for this sale can be found here. Insiders have sold 315,166 shares of company stock worth $167,337,759 in the last three months. Insiders own 11.00% of the company’s stock.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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