Harbour Investments Inc. Raises Holdings in Transdigm Group Incorporated $TDG

Harbour Investments Inc. boosted its position in Transdigm Group Incorporated (NYSE:TDG) by 48.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 61 shares of the aerospace company’s stock after acquiring an additional 20 shares during the period. Harbour Investments Inc.’s holdings in Transdigm Group were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 worth $504,840,000 after acquiring an additional 14,703 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 worth $490,533,000 after acquiring an additional 12,842 shares during the period. Goldman Sachs Group Inc. grew its stake in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after acquiring an additional 67,547 shares during the period. Finally, Vulcan Value Partners LLC grew its stake in Transdigm Group by 5.6% in the 1st quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock worth $344,543,000 after acquiring an additional 13,286 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Monday, October 20th. The shares were sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the sale, the chief operating officer owned 3,600 shares of the company’s stock, valued at $4,606,524. The trade was a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the sale, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,232 shares of company stock worth $27,800,332. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial lowered their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Morgan Stanley decreased their price target 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. UBS Group lifted their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. BMO Capital Markets began coverage on shares of Transdigm Group in a report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price target on the stock. Finally, Jefferies Financial Group decreased 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 report on Wednesday, September 17th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,564.56.

Transdigm Group Trading Up 2.7%

NYSE:TDG opened at $1,349.99 on Friday. The firm has a market capitalization of $76.07 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 3.23 and a beta of 1.02. The firm’s fifty day simple moving average is $1,316.57 and its 200 day simple moving average is $1,403.74. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG) last posted its earnings results 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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, 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 declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid 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 of this dividend was Tuesday, September 2nd.

Transdigm Group Company 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.