Phoenix Financial Ltd. Increases Stock Position in Transdigm Group Incorporated $TDG

Phoenix Financial Ltd. raised its holdings in Transdigm Group Incorporated (NYSE:TDG) by 16.5% during the second quarter, Holdings Channel.com reports. The firm owned 5,725 shares of the aerospace company’s stock after purchasing an additional 809 shares during the quarter. Phoenix Financial Ltd.’s holdings in Transdigm Group were worth $8,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its holdings in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Saudi Central Bank purchased a new stake in Transdigm Group in the 1st quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in Transdigm Group in the 2nd quarter valued at approximately $47,000. Park Square Financial Group LLC boosted its holdings in Transdigm Group by 36.0% in the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Transdigm Group in the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the sale, the director owned 21,548 shares in the company, valued at approximately $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the sale, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock worth $23,961,562 in the last three months. 4.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Royal Bank Of Canada downgraded 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 research report on Monday, September 8th. Susquehanna reduced their price target on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. The Goldman Sachs Group lifted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Jefferies Financial Group reduced their price target on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Transdigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

Transdigm Group Stock Performance

TDG stock opened at $1,303.54 on Tuesday. The stock’s 50 day moving average price is $1,321.73 and its 200 day moving average price is $1,404.15. The firm has a market cap of $73.45 billion, a P/E ratio of 43.26, a PEG ratio of 2.95 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 released its quarterly 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates 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 was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $90.00 per share. This is an increase from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

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.