Trust Point Inc. Boosts Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• Trust Point Inc. increased its stake in Transdigm Group (NYSE:TDG) by 47.4% in Q2, bringing its holdings to $932,000.
• Several hedge funds have significantly boosted their investments in Transdigm Group, with GAMMA Investing LLC increasing its position by 177,412.3% during the first quarter.
• Analysts have upgraded their price targets for Transdigm Group, with a consensus target price of $1,599.73, reflecting a Moderate Buy rating from ten analysts.

Trust Point Inc. increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 47.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613 shares of the aerospace company's stock after buying an additional 197 shares during the quarter. Trust Point Inc.'s holdings in Transdigm Group were worth $932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in Transdigm Group during the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Transdigm Group during the first quarter worth $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after acquiring an additional 380 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Transdigm Group by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock worth $143,952,000 after acquiring an additional 5,369 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in Transdigm Group during the first quarter worth about $263,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Transdigm Group Stock Performance

TDG stock traded down $4.68 during midday trading on Friday, reaching $1,281.44. 520,191 shares of the company's stock traded hands, compared to its average volume of 354,813. The company has a 50-day moving average price of $1,432.10 and a two-hundred day moving average price of $1,413.77. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market capitalization of $72.21 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (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 was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Insider Activity at Transdigm Group

In related news, Director Michael Graff sold 1,760 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company's stock, valued at $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $25,668,361 over the last ninety days. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TDG. Truist Financial boosted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada lowered Transdigm Group from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Morgan Stanley upped their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group dropped their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,599.73.

Transdigm Group 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.