Geneos Wealth Management Inc. Increases Stock Position in Transdigm Group Incorporated $TDG

Geneos Wealth Management Inc. boosted its position in Transdigm Group Incorporated (NYSE:TDG) by 77.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 232 shares of the aerospace company’s stock after acquiring an additional 101 shares during the period. Geneos Wealth Management Inc.’s holdings in Transdigm Group were worth $321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Bruce G. Allen Investments LLC increased its holdings in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC grew its position in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank purchased a new position in shares of Transdigm Group during the first quarter valued at approximately $30,000. Park Square Financial Group LLC bought a new position in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Finally, Wayfinding Financial LLC purchased a new stake in Transdigm Group in the first quarter worth $75,000. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the firm’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 sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,496 shares of company stock valued at $20,047,433. 4.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target 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. Susquehanna raised their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, Citigroup raised their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,607.57.

Transdigm Group Trading Up 1.4%

Shares of TDG opened at $1,289.53 on Tuesday. The firm has a market cap of $72.66 billion, a PE ratio of 42.80, a P/E/G ratio of 2.69 and a beta of 1.03. The firm has a fifty day simple moving average of $1,452.37 and a two-hundred day simple moving average of $1,416.44. 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 released its quarterly earnings results 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). The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate 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 revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal 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 given a dividend of $90.00 per share. 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.

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.