D.A. Davidson & CO. Purchases 19 Shares of Transdigm Group Incorporated $TDG

D.A. Davidson & CO. boosted its position in Transdigm Group Incorporated (NYSE:TDG) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284 shares of the aerospace company’s stock after acquiring an additional 19 shares during the quarter. D.A. Davidson & CO.’s holdings in Transdigm Group were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC increased its stake in 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 acquiring an additional 7 shares during the last quarter. Saudi Central Bank bought a new position in Transdigm Group in the first quarter valued at $30,000. Park Square Financial Group LLC increased its stake in 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 acquiring an additional 9 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Transdigm Group in the second quarter valued at $47,000. Finally, Hilltop National Bank bought a new position in Transdigm Group in the second quarter valued at $71,000. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Trading Down 1.5%

Transdigm Group stock opened at $1,314.98 on Thursday. The firm has a 50-day moving average of $1,312.34 and a 200-day moving average of $1,407.04. The firm has a market cap of $74.10 billion, a P/E ratio of 43.64, a P/E/G ratio of 3.30 and a beta of 1.02. 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 posted 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 firm 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 business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Insiders Place Their Bets

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the sale, the director directly owned 83,419 shares in the company, valued at $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the completion of the sale, the director owned 21,548 shares of the company’s stock, valued at $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,512 shares of company stock valued at $29,538,093 over the last ninety days. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Transdigm Group in a research note on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective on the stock. Jefferies Financial Group reduced their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Royal Bank Of Canada cut Transdigm Group from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. UBS Group raised their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

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.