Spire Wealth Management Sells 1,785 Shares of Transdigm Group Incorporated $TDG

Spire Wealth Management trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,794 shares of the aerospace company’s stock after selling 1,785 shares during the quarter. Spire Wealth Management’s holdings in Transdigm Group were worth $5,617,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its holdings in Transdigm Group by 1,250.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after buying an additional 25 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Transdigm Group by 32.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 195 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 48 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Transdigm Group during the second quarter worth approximately $135,000. Flagship Harbor Advisors LLC bought a new stake in shares of Transdigm Group during the second quarter valued at approximately $219,000. Finally, Quaker Wealth Management LLC boosted its holdings in shares of Transdigm Group by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 63 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 126 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Price Performance

Shares of NYSE TDG opened at $1,314.98 on Thursday. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The business has a fifty day moving average price of $1,312.34 and a 200 day moving average price of $1,407.04. The stock has a market capitalization of $74.10 billion, a P/E ratio of 43.64, a price-to-earnings-growth ratio of 3.30 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $9.00 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research 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 announced 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. 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.

Wall Street Analyst Weigh In

Several research analysts have commented on TDG shares. Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a report on Wednesday, October 8th. Truist Financial cut their price target on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. 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 report on Friday, August 8th. Citigroup increased their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Zacks Research downgraded shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,564.56.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Wednesday, October 15th. The shares were 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. The trade was a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $6,384,900.00. Following the transaction, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. The trade was a 5.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,512 shares of company stock valued at $29,538,093 over the last quarter. Insiders own 4.09% of the company’s stock.

Transdigm Group Company 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.