Harbour Investments Inc. Grows Holdings in Transdigm Group Incorporated $TDG

Harbour Investments Inc. increased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 48.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 61 shares of the aerospace company’s stock after buying an additional 20 shares during the period. Harbour Investments Inc.’s holdings in Transdigm Group were worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of Transdigm Group in the 1st quarter worth about $387,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock worth $11,970,000 after purchasing an additional 380 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Transdigm Group by 5.4% in the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock worth $143,952,000 after purchasing an additional 5,369 shares during the last quarter. Equitable Trust Co. increased its position in shares of Transdigm Group by 8.2% in the 2nd quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock worth $9,688,000 after purchasing an additional 484 shares during the last quarter. Finally, Radnor Capital Management LLC increased its position in shares of Transdigm Group by 57.9% in the 2nd quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock worth $1,908,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Susquehanna dropped their target price on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Royal Bank Of Canada downgraded shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Finally, BMO Capital Markets initiated coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

Insider Activity

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,593,852. This represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock worth $27,800,332 in the last quarter. Company insiders own 4.09% of the company’s stock.

Transdigm Group Stock Up 2.7%

Transdigm Group stock opened at $1,349.99 on Friday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The firm has a market capitalization of $76.07 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 3.23 and a beta of 1.02. The firm has a 50-day moving average price of $1,316.57 and a two-hundred day moving average price of $1,403.74.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate 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 last year, the company posted $9.00 EPS. Transdigm Group’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. 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. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. This is a positive change 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.