Anchor Investment Management LLC Sells 783 Shares of Transdigm Group Incorporated $TDG

Anchor Investment Management LLC decreased its position in Transdigm Group Incorporated (NYSE:TDG) by 94.7% during the first quarter, HoldingsChannel reports. The firm owned 44 shares of the aerospace company’s stock after selling 783 shares during the quarter. Anchor Investment Management LLC’s holdings in Transdigm Group were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Winch Advisory Services LLC raised its position in shares of Transdigm Group by 53.8% in the first 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 during the period. Rothschild Investment LLC increased its position in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 8 shares during the period. Balefire LLC increased its position in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 8 shares during the period. New Republic Capital LLC increased its position in Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Graff sold 1,760 shares of the business’s 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 completion of the sale, the director owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,232 shares of company stock worth $23,998,436. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,292.92 on Friday. The firm has a market capitalization of $72.86 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The company’s fifty day moving average price is $1,462.03 and its two-hundred day moving average price is $1,416.37. 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 announced its quarterly 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 business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $90.00 dividend. The ex-dividend date is Tuesday, September 2nd. This is a boost from Transdigm Group’s previous special dividend of $75.00.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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 research report on Thursday, August 7th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 target price on the stock. Morgan Stanley boosted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of Transdigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Finally, Susquehanna boosted their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,607.57.

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.