Oak Ridge Investments LLC Purchases 134 Shares of Transdigm Group Incorporated $TDG

Oak Ridge Investments LLC raised its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,100 shares of the aerospace company’s stock after purchasing an additional 134 shares during the quarter. Transdigm Group accounts for about 1.0% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 20th biggest holding. Oak Ridge Investments LLC’s holdings in Transdigm Group were worth $13,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Transdigm Group by 34.2% during the 1st quarter. Farther Finance Advisors LLC now owns 357 shares of the aerospace company’s stock valued at $499,000 after acquiring an additional 91 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Transdigm Group by 28.3% during the 1st quarter. GAMMA Investing LLC now owns 897 shares of the aerospace company’s stock valued at $1,241,000 after acquiring an additional 198 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Transdigm Group by 2.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,035 shares of the aerospace company’s stock valued at $1,432,000 after acquiring an additional 27 shares during the last quarter. CX Institutional boosted its holdings in shares of Transdigm Group by 21.7% during the 1st quarter. CX Institutional now owns 213 shares of the aerospace company’s stock valued at $295,000 after acquiring an additional 38 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in shares of Transdigm Group by 19.1% during the 1st quarter. Everhart Financial Group Inc. now owns 599 shares of the aerospace company’s stock valued at $829,000 after acquiring an additional 96 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price target on the stock. Susquehanna dropped their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets started coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price target on the stock. Jefferies Financial Group lowered their price objective on shares of 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. Finally, KeyCorp lowered their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Transdigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,579.13.

Transdigm Group Trading Up 0.1%

NYSE TDG opened at $1,276.79 on Friday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 2.31 and a beta of 1.02. The company’s 50 day moving average is $1,341.66 and its two-hundred day moving average is $1,407.43.

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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 EPS. Transdigm Group’s revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS 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 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 Activity

In other news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $4,593,852. The trade was a 45.45% 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 $29,496,571 in the last quarter. 4.09% of the stock is currently owned by insiders.

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.