Transdigm Group Incorporated $TDG Shares Bought by Trust Point Inc.

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. lifted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 47.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 613 shares of the aerospace company's stock after purchasing an additional 197 shares during the quarter. Trust Point Inc.'s holdings in Transdigm Group were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the last quarter. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the 1st quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new stake in shares of Transdigm Group in the 4th quarter worth approximately $32,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group in the 1st quarter worth approximately $75,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Performance

Shares of NYSE TDG traded down $4.68 during mid-day trading on Friday, hitting $1,281.44. The stock had a trading volume of 520,191 shares, compared to its average volume of 354,813. The company has a 50 day moving average of $1,432.10 and a two-hundred day moving average of $1,413.77. The firm has a market cap of $72.21 billion, a PE ratio of 42.53, a PEG ratio of 2.71 and a beta of 1.03. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

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 for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business posted $9.00 earnings per share. Transdigm Group's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent analyst reports. KeyCorp cut their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Susquehanna increased their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Finally, 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 research note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,599.73.

Insider Buying and Selling at Transdigm Group

In other news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business'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 sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,232 shares of company stock valued at $25,668,361. Company insiders own 4.09% of the company's stock.

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.