Bank of Jackson Hole Trust Increases Stock Holdings in Transdigm Group Incorporated $TDG

Bank of Jackson Hole Trust lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 84.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24 shares of the aerospace company’s stock after buying an additional 11 shares during the period. Bank of Jackson Hole Trust’s holdings in Transdigm Group were worth $36,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TDG. Nuveen LLC purchased a new position in Transdigm Group in the first quarter worth $168,048,000. Bain Capital Public Equity Management II LLC purchased a new position in Transdigm Group in the first quarter worth $157,890,000. Vanguard Group Inc. boosted its position in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Transdigm Group by 56.9% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,866 shares of the aerospace company’s stock worth $299,362,000 after purchasing an additional 71,399 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Transdigm Group by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after purchasing an additional 67,547 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TDG shares. Truist Financial cut their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Citigroup boosted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Transdigm Group in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,564.56.

Insider Buying and Selling at Transdigm Group

In other news, Director Robert J. Small sold 5,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the transaction, the director owned 21,548 shares in the company, valued at $27,988,050.76. This trade represents a 11.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,512 shares of company stock valued at $29,538,093 over the last 90 days. Insiders own 4.09% of the company’s stock.

Transdigm Group Stock Down 1.5%

Transdigm Group stock opened at $1,314.98 on Thursday. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The business has a 50-day simple moving average of $1,312.34 and a 200 day simple moving average of $1,407.04. The stock has a market cap of $74.10 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 3.30 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm earned $9.00 earnings per share. Transdigm Group’s quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

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.