TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Bleakley Financial Group LLC

08 Dec 2023, 13:18 by Tristan Rich · The Markets Daily

Bleakley Financial Group LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) by 14.3% in the second quarter, Holdings Channel.com reports. The fund owned 1,406 shares of the aerospace company’s stock after purchasing an additional 176 shares during the period. Bleakley Financial Group LLC’s holdings in TransDigm Group were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TDG. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in shares of TransDigm Group in the fourth quarter valued at approximately $30,000. Smithfield Trust Co grew its holdings in shares of TransDigm Group by 75.0% in the first quarter. Smithfield Trust Co now owns 56 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 24 shares in the last quarter. Valley National Advisers Inc. purchased a new position in TransDigm Group in the second quarter worth approximately $42,000. Finally, KB Financial Partners LLC purchased a new position in TransDigm Group in the first quarter worth approximately $44,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $872.68, for a total value of $2,618,040.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $3,141,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $872.68, for a total transaction of $2,618,040.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $3,141,648. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small sold 2,967 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $880.47, for a total transaction of $2,612,354.49. Following the transaction, the director now directly owns 191,171 shares in the company, valued at $168,320,330.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,316 shares of company stock valued at $75,449,768. 7.18% of the stock is owned by company insiders.

TransDigm Group Price Performance

TDG stock opened at $972.96 on Friday. The company has a fifty day moving average price of $899.31 and a 200 day moving average price of $872.89. TransDigm Group Incorporated has a 12 month low of $599.42 and a 12 month high of $1,013.08. The company has a market cap of $53.82 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41.

TransDigm Group (NYSE:TDG – Get Free Report) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $8.03 EPS for the quarter, beating the consensus estimate of $7.10 by $0.93. TransDigm Group had a net margin of 19.70% and a negative return on equity of 52.68%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $4.74 EPS. TransDigm Group’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group Incorporated will post 30.29 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 20th were paid a $35.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $22.00. The ex-dividend date of this dividend was Friday, November 17th.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDG. Bank of America lifted their price target on shares of TransDigm Group from $980.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Alembic Global Advisors downgraded shares of TransDigm Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 15th. Morgan Stanley lifted their price target on shares of TransDigm Group from $1,000.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Barclays lifted their price target on shares of TransDigm Group from $930.00 to $1,040.00 and gave the stock an “overweight” rating in a research note on Monday, August 14th. Finally, Royal Bank of Canada lifted their price target on shares of TransDigm Group from $975.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $997.71.

Read Our Latest Report on TransDigm Group

TransDigm Group Company Profile

(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.

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