Janney Montgomery Scott LLC Acquires 1,914 Shares of Transdigm Group Incorporated $TDG

Janney Montgomery Scott LLC increased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 13.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,345 shares of the aerospace company’s stock after acquiring an additional 1,914 shares during the period. Janney Montgomery Scott LLC’s holdings in Transdigm Group were worth $24,855,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TDG. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC boosted its stake in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Saudi Central Bank bought a new stake in Transdigm Group during the first quarter worth about $30,000. Park Square Financial Group LLC boosted its stake in Transdigm Group by 36.0% during the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 9 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Transdigm Group in the first quarter worth about $75,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company’s 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 completion of the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,593,852. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock valued at $29,496,571 over the last ninety days. Company insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Morgan Stanley lifted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. BMO Capital Markets assumed coverage on shares of Transdigm Group in a report on Tuesday. They issued an “outperform” rating and a $1,420.00 target price for the company. Finally, Truist Financial lifted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,588.50.

Transdigm Group Stock Down 1.4%

TDG opened at $1,299.98 on Thursday. The firm has a 50 day moving average price of $1,386.45 and a 200-day moving average price of $1,411.23. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The stock has a market capitalization of $73.25 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 2.79 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data 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 net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm earned $9.00 earnings per share. The firm’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. As a group, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued 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.

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.