Chevy Chase Trust Holdings LLC lifted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,764 shares of the aerospace company's stock after purchasing an additional 292 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Transdigm Group worth $45,260,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its position in shares of Transdigm Group by 5.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,576 shares of the aerospace company's stock valued at $3,917,000 after purchasing an additional 135 shares during the period. Aubrey Capital Management Ltd boosted its position in shares of Transdigm Group by 66.7% in the 2nd quarter. Aubrey Capital Management Ltd now owns 2,500 shares of the aerospace company's stock valued at $3,802,000 after purchasing an additional 1,000 shares during the period. Empirical Asset Management LLC boosted its position in shares of Transdigm Group by 22.5% in the 2nd quarter. Empirical Asset Management LLC now owns 506 shares of the aerospace company's stock valued at $770,000 after purchasing an additional 93 shares during the period. Evernest Financial Advisors LLC acquired a new position in shares of Transdigm Group in the 2nd quarter valued at $265,000. Finally, Tower Wealth Partners Inc. boosted its position in Transdigm Group by 4.7% during the 2nd quarter. Tower Wealth Partners Inc. now owns 179 shares of the aerospace company's stock worth $272,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.
Transdigm Group Price Performance
Shares of Transdigm Group stock opened at $1,267.98 on Friday. The firm has a market cap of $71.45 billion, a price-to-earnings ratio of 42.08, a P/E/G ratio of 2.86 and a beta of 1.02. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The stock has a 50-day simple moving average of $1,323.87 and a 200-day simple moving average of $1,403.40.
Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.
Transdigm Group Increases Dividend
The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. 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.
Insider Buying and Selling
In related news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The stock was 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 approximately $27,988,050.76. This trade represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $5,061,852. 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 21,232 shares of company stock valued at $28,755,142 over the last 90 days. 4.09% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on TDG shares. Jefferies Financial Group decreased their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Royal Bank Of Canada lowered Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. KeyCorp decreased their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Susquehanna decreased their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a "neutral" rating for the company in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Transdigm Group in a research report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,564.56.
View Our Latest Stock Report on TDG
About Transdigm Group
(
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.
Further Reading
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