Tritonpoint Wealth LLC Invests $228,000 in Transdigm Group Incorporated $TDG

Tritonpoint Wealth LLC purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, Holdings Channel reports. The firm purchased 150 shares of the aerospace company’s stock, valued at approximately $228,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Transdigm Group by 1.4% in the 1st 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Transdigm Group by 4.2% in the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Transdigm Group by 3.8% in the 1st 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 last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Transdigm Group by 32.7% in the 1st 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 last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of Transdigm Group by 5.6% in the 1st 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 last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Transdigm Group Price Performance

TDG stock opened at $1,288.52 on Tuesday. The stock has a market capitalization of $72.61 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.74 and a beta of 1.03. The business’s fifty day moving average price is $1,397.49 and its two-hundred day moving average price is $1,412.66. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for 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 firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given 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 Transactions at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $4,593,852. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the transaction, the director owned 21,548 shares in the company, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $29,496,571 over the last quarter. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDG has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Citigroup increased their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. UBS Group raised their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group cut their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,599.73.

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.