Transdigm Group Incorporated $TDG Shares Sold by Souders Financial Advisors

Souders Financial Advisors lessened its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 492 shares of the aerospace company’s stock after selling 41 shares during the quarter. Souders Financial Advisors’ holdings in Transdigm Group were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC boosted its stake in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 7 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Transdigm Group in the 1st quarter valued at $30,000. Bank of Jackson Hole Trust lifted its holdings in Transdigm Group by 84.6% in the 2nd quarter. Bank of Jackson Hole Trust now owns 24 shares of the aerospace company’s stock worth $36,000 after buying an additional 11 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Transdigm Group by 1,250.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 27 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Transdigm Group during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin M. Stein sold 700 shares of Transdigm Group stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $1,360.00, for a total value of $952,000.00. Following the completion of the sale, the director directly owned 8,158 shares in the company, valued at $11,094,880. This represents a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,802 shares of company stock worth $29,917,993. Insiders own 4.09% of the company’s stock.

Transdigm Group Stock Performance

NYSE:TDG opened at $1,266.01 on Thursday. The business has a 50 day moving average price of $1,301.70 and a 200-day moving average price of $1,405.38. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The firm has a market cap of $71.34 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data 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 firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the business posted $9.00 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. This is a boost from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDG. KeyCorp cut their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Zacks Research cut shares of Transdigm Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. UBS Group lifted their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Truist Financial lowered their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Finally, BMO Capital Markets initiated coverage on shares of Transdigm Group in a research report on Tuesday, September 30th. They set an “outperform” rating and a $1,420.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,564.56.

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.