Transdigm Group Incorporated $TDG Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC cut its position in Transdigm Group Incorporated (NYSE:TDG) by 0.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 26,107 shares of the aerospace company’s stock after selling 78 shares during the period. Transdigm Group makes up 3.1% of Mill Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Mill Capital Management LLC’s holdings in Transdigm Group were worth $39,699,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TDG. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after buying an additional 7 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Transdigm Group in the first quarter valued at $30,000. Bank of Jackson Hole Trust grew its stake in shares of Transdigm Group by 84.6% in the second quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock valued at $36,000 after buying an additional 11 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Transdigm Group by 1,250.0% in the second 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. Finally, Park Square Financial Group LLC grew its stake in shares of Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock valued at $47,000 after buying an additional 9 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kevin M. Stein sold 700 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $1,360.00, for a total value of $952,000.00. Following the completion of the sale, the director directly owned 8,158 shares of the company’s stock, valued at approximately $11,094,880. The trade was a 7.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Patrick Joseph Murphy sold 580 shares of the business’s stock in a transaction dated 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 directly owned 1,055 shares of the company’s stock, valued at $1,429,271.80. The trade was a 35.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 22,512 shares of company stock worth $29,538,093. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

Shares of NYSE TDG opened at $1,308.16 on Friday. The company has a market capitalization of $73.71 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. The business has a 50-day moving average of $1,308.58 and a two-hundred day moving average of $1,406.15. 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 announced its quarterly 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 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 firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group’s previous special dividend of $75.00.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial decreased their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Citigroup lifted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. BMO Capital Markets assumed coverage on Transdigm Group in a report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 target price for the company. Finally, UBS Group lifted their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

About Transdigm Group

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.