Savvy Advisors Inc. Makes New Investment in Transdigm Group Incorporated $TDG

Savvy Advisors Inc. purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 240 shares of the aerospace company’s stock, valued at approximately $365,000.

Several other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. increased its position in shares of Transdigm Group by 11.7% during the 2nd quarter. Assetmark Inc. now owns 4,202 shares of the aerospace company’s stock worth $6,390,000 after purchasing an additional 441 shares during the last quarter. Keybank National Association OH increased its position in shares of Transdigm Group by 1.3% during the 2nd quarter. Keybank National Association OH now owns 5,825 shares of the aerospace company’s stock worth $8,858,000 after purchasing an additional 73 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Transdigm Group by 1,250.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 25 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Transdigm Group by 32.7% during the 2nd quarter. Arkadios Wealth Advisors now owns 195 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 48 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Transdigm Group during the 2nd quarter worth approximately $135,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets started coverage on Transdigm Group in a report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Susquehanna decreased their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total value of $3,838,770.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,606,524. The trade was a 45.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Patrick Joseph Murphy sold 580 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $1,354.76, for a total value of $785,760.80. Following the completion of the sale, the chief operating officer owned 1,055 shares of the company’s stock, valued at $1,429,271.80. This trade represents a 35.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,512 shares of company stock worth $29,538,093 over the last three months. 4.09% of the stock is currently owned by corporate insiders.

Transdigm Group Price Performance

TDG opened at $1,308.16 on Friday. The business has a fifty day simple moving average of $1,308.58 and a 200 day simple moving average of $1,406.47. The company has a market capitalization of $73.71 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG) last released 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 during 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid 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.

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.