IFC Advisors LLC Purchases 9 Shares of Transdigm Group Incorporated $TDG

IFC Advisors LLC lifted its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276 shares of the aerospace company’s stock after buying an additional 9 shares during the quarter. IFC Advisors LLC’s holdings in Transdigm Group were worth $420,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Morningstar Investment Management LLC bought a new stake in Transdigm Group during the second quarter valued at about $661,000. Axxcess Wealth Management LLC boosted its position in Transdigm Group by 2.6% during the second quarter. Axxcess Wealth Management LLC now owns 478 shares of the aerospace company’s stock valued at $727,000 after purchasing an additional 12 shares in the last quarter. Moran Wealth Management LLC boosted its position in Transdigm Group by 35.0% during the second quarter. Moran Wealth Management LLC now owns 216 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 56 shares in the last quarter. NorthRock Partners LLC boosted its position in Transdigm Group by 2.6% during the second quarter. NorthRock Partners LLC now owns 682 shares of the aerospace company’s stock valued at $1,037,000 after purchasing an additional 17 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in Transdigm Group by 7.9% during the second quarter. Verdence Capital Advisors LLC now owns 673 shares of the aerospace company’s stock valued at $1,023,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Up 1.2%

Shares of NYSE:TDG opened at $1,293.38 on Tuesday. 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 market cap of $72.88 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 2.79 and a beta of 1.02. The business has a 50-day moving average price of $1,335.27 and a 200-day moving average price of $1,407.02.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

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

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $27,634,663.56. The trade was a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,496 shares of company stock valued at $25,201,434 in the last ninety days. Insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Jefferies Financial Group lowered their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Susquehanna lowered their price target on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Finally, Citigroup raised their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,579.13.

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.