Summit Financial LLC Acquires 20 Shares of Transdigm Group Incorporated $TDG

Summit Financial LLC raised its holdings in Transdigm Group Incorporated (NYSE:TDG) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 553 shares of the aerospace company’s stock after buying an additional 20 shares during the period. Summit Financial LLC’s holdings in Transdigm Group were worth $766,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC increased its stake in shares of 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 purchasing an additional 10 shares during the period. Winch Advisory Services LLC increased its stake in shares of 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 purchasing an additional 7 shares during the period. Park Square Financial Group LLC bought a new position in shares of Transdigm Group during the fourth quarter worth approximately $32,000. Wayfinding Financial LLC bought a new position in shares of Transdigm Group during the first quarter worth approximately $75,000. Finally, CVA Family Office LLC increased its stake in shares of Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 32 shares during the period. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,406.9420 on Friday. The stock’s fifty day moving average price is $1,498.97 and its two-hundred day moving average price is $1,415.68. The company has a market cap of $79.28 billion, a PE ratio of 46.70, a P/E/G ratio of 2.98 and a beta of 1.07. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a $90.00 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a boost from Transdigm Group’s previous special dividend of $75.00.

Insider Transactions at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director owned 88,419 shares of the company’s stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,172 shares of company stock worth $93,910,577. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TDG. Truist Financial increased their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. The Goldman Sachs Group increased their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Morgan Stanley increased their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company increased their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,624.69.

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.