5 Best Industrial Stocks To Buy Now

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1. TransDigm Group Incorporated (NYSE:TDG)

Number of Hedge Fund Holders: 66   

TransDigm Group Incorporated (NYSE:TDG) designs, produces, and supplies aircraft components in the United States and internationally. It is one of the elite industrial stocks to invest in. TransDigm Group Incorporated (NYSE:TDG) on August 09 announced that its Board of Directors has authorized and declared a special cash dividend of $18.50 on each outstanding share of common stock and cash dividend equivalent payments under options granted in its stock options plans. The dividend was distributed on August 26. 

On August 17, JPMorgan analyst Seth Seifman kept a Neutral rating on TransDigm Group Incorporated (NYSE:TDG) stock and raised the price target to $705 from $685, saying that the company continues to execute commercial aftermarket strength and this more than offsets defense pressures afflicting the whole industry.

At the end of the second quarter of 2022, 66 hedge funds in the database of Insider Monkey held stakes worth $4.7 billion in TransDigm Group Incorporated (NYSE:TDG), compared to 64 in the preceding quarter worth $5.6 billion. 

In its Q2 2022 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and TransDigm Group Incorporated (NYSE:TDG) was one of them. Here is what the fund said:

“TransDigm Group Incorporated (NYSE:TDG) is an aerospace manufacturing firm that provides highly engineered, niche components for use on commercial and military aircraft. The vast majority of the company’s profits come from aftermarket sales of sole-sourced products. The company produces high levels of free cash flow and has an effective, shareholder-oriented management team who are good capital allocators. Despite the company’s strong results during the quarter and solid outlook, its stock price declined.”

You can also take a peek at 10 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners and Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

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