Atria Wealth Solutions Inc. Trims Stake in Transdigm Group Incorporated $TDG

Atria Wealth Solutions Inc. lowered its position in Transdigm Group Incorporated (NYSE:TDG) by 76.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149 shares of the aerospace company’s stock after selling 474 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Transdigm Group were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. purchased a new position in Transdigm Group in the 2nd quarter worth about $232,000. Sequoia Financial Advisors LLC increased its stake in Transdigm Group by 1.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,157 shares of the aerospace company’s stock worth $9,362,000 after buying an additional 71 shares during the period. Cypress Capital Group purchased a new position in Transdigm Group in the 2nd quarter worth about $219,000. Allspring Global Investments Holdings LLC increased its stake in Transdigm Group by 16.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 16,536 shares of the aerospace company’s stock worth $25,016,000 after buying an additional 2,389 shares during the period. Finally, Legal Advantage Investments Inc. increased its stake in Transdigm Group by 8.3% in the 2nd quarter. Legal Advantage Investments Inc. now owns 6,527 shares of the aerospace company’s stock worth $9,925,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Down 0.9%

Shares of Transdigm Group stock opened at $1,317.86 on Thursday. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market capitalization of $74.26 billion, a P/E ratio of 43.74, a PEG ratio of 3.27 and a beta of 1.02. The company has a 50 day moving average price of $1,317.91 and a 200 day moving average price of $1,403.04.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The business 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior 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 anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. 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.

Analyst Ratings Changes

Several research analysts have issued reports on TDG shares. JPMorgan Chase & Co. increased their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. UBS Group increased their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Morgan Stanley dropped their target price on shares of 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. Susquehanna dropped their target price 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, October 9th. Finally, Weiss Ratings reiterated 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 and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,564.56.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction 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 of the company’s stock, valued at $2,753,724.40. The trade was a 47.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction 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 directly 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 sold a total of 21,232 shares of company stock worth $27,800,332 over the last 90 days. 4.09% of the stock is 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.