NorthRock Partners LLC Grows Stock Holdings in Transdigm Group Incorporated $TDG

by · The Markets Daily

NorthRock Partners LLC raised its position in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 682 shares of the aerospace company’s stock after acquiring an additional 17 shares during the quarter. NorthRock Partners LLC’s holdings in Transdigm Group were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Transdigm Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after buying an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Transdigm Group by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock valued at $504,840,000 after buying an additional 14,703 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Transdigm Group by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company’s stock valued at $490,533,000 after buying an additional 12,842 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Transdigm Group by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock valued at $378,917,000 after buying an additional 67,547 shares during the period. Finally, Vulcan Value Partners LLC increased its position in shares of Transdigm Group by 5.6% during the first quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock valued at $344,543,000 after buying an additional 13,286 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. 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 on the stock in a research report on Wednesday, September 17th. Susquehanna reduced 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 research report on Thursday, October 9th. Citigroup upped their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Royal Bank Of Canada cut shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. upped their price objective 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. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Transdigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,579.13.

Get Our Latest Research Report on TDG

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total transaction of $3,508,837.92. Following the transaction, the director owned 21,548 shares in the company, valued at $27,634,663.56. This represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Graff sold 1,760 shares of the 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 transaction, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,496 shares of company stock worth $25,201,434 in the last three months. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Performance

Shares of NYSE TDG opened at $1,293.38 on Tuesday. The firm’s 50 day moving average price is $1,335.27 and its 200-day moving average price is $1,407.02. The company has a market cap of $72.88 billion, a PE ratio of 42.93, a P/E/G ratio of 2.79 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 – Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, 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. Investors of record on Tuesday, September 2nd were given a dividend of $90.00 per share. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

About Transdigm Group

(Free Report)

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.

Read More