Arkadios Wealth Advisors Acquires 48 Shares of Transdigm Group Incorporated $TDG

Arkadios Wealth Advisors lifted its position in Transdigm Group Incorporated (NYSE:TDG) by 32.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195 shares of the aerospace company’s stock after acquiring an additional 48 shares during the quarter. Arkadios Wealth Advisors’ holdings in Transdigm Group were worth $296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TDG. Mutual Advisors LLC bought a new stake in shares of Transdigm Group in the 1st quarter worth about $263,000. Crossmark Global Holdings Inc. increased its stake in Transdigm Group by 19.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,095 shares of the aerospace company’s stock worth $4,281,000 after buying an additional 511 shares during the period. Greenleaf Trust increased its stake in Transdigm Group by 6.1% in the 1st quarter. Greenleaf Trust now owns 1,605 shares of the aerospace company’s stock worth $2,220,000 after buying an additional 92 shares during the period. Nisa Investment Advisors LLC increased its stake in Transdigm Group by 17.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,549 shares of the aerospace company’s stock worth $24,275,000 after buying an additional 2,602 shares during the period. Finally, Quotient Wealth Partners LLC purchased a new position in Transdigm Group in the 1st quarter worth about $262,000. Institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Down 2.0%

TDG stock opened at $1,266.01 on Thursday. The firm has a 50 day moving average of $1,301.70 and a 200 day moving average of $1,405.38. The stock has a market capitalization of $71.34 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business earned $9.00 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Kevin M. Stein sold 700 shares of Transdigm Group stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $1,360.00, for a total transaction of $952,000.00. Following the completion of the sale, the director directly owned 8,158 shares in the company, valued at approximately $11,094,880. The trade was a 7.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Patrick Joseph Murphy sold 290 shares of Transdigm Group stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1,310.00, for a total transaction of $379,900.00. Following the sale, the chief operating officer owned 1,055 shares of the company’s stock, valued at approximately $1,382,050. The trade was a 21.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 22,802 shares of company stock worth $29,917,993. Corporate insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TDG shares. Morgan Stanley reduced their price target on shares of Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. KeyCorp reduced their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada lowered shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Citigroup boosted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

Transdigm Group Company 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.