QRG Capital Management Inc. Purchases 161 Shares of Transdigm Group Incorporated $TDG

QRG Capital Management Inc. increased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,099 shares of the aerospace company’s stock after purchasing an additional 161 shares during the quarter. QRG Capital Management Inc.’s holdings in Transdigm Group were worth $1,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its position in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC lifted its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 7 shares during the period. Saudi Central Bank bought a new stake in Transdigm Group during the first quarter worth about $30,000. Park Square Financial Group LLC lifted its position in Transdigm Group by 36.0% during the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 9 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Transdigm Group during the second quarter worth about $47,000. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the transaction, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 5,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock valued at $29,496,571 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Transdigm Group Price Performance

Shares of TDG stock opened at $1,285.73 on Wednesday. The business’s 50 day simple moving average is $1,361.20 and its 200 day simple moving average is $1,409.75. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The stock has a market capitalization of $72.45 billion, a PE ratio of 42.67, a PEG ratio of 2.34 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced 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 net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company earned $9.00 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued 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.

Analyst Upgrades and Downgrades

Several brokerages have commented on TDG. The Goldman Sachs Group boosted their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Morgan Stanley boosted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Royal Bank Of Canada downgraded Transdigm Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Truist Financial boosted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Transdigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,588.50.

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.