Brown Miller Wealth Management LLC Has $368,000 Stock Holdings in Transdigm Group Incorporated $TDG

Brown Miller Wealth Management LLC increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 9.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242 shares of the aerospace company’s stock after purchasing an additional 21 shares during the period. Brown Miller Wealth Management LLC’s holdings in Transdigm Group were worth $368,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OLD National Bancorp IN grew its position in shares of Transdigm Group by 4.6% in the second quarter. OLD National Bancorp IN now owns 455 shares of the aerospace company’s stock valued at $692,000 after purchasing an additional 20 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Transdigm Group by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 1,099 shares of the aerospace company’s stock valued at $1,671,000 after buying an additional 161 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Transdigm Group in the 2nd quarter worth approximately $94,085,000. Ascent Group LLC increased its position in Transdigm Group by 6.1% in the 2nd quarter. Ascent Group LLC now owns 1,325 shares of the aerospace company’s stock worth $2,015,000 after buying an additional 76 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Transdigm Group in the second quarter valued at approximately $47,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director directly owned 1,964 shares of the company’s stock, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company’s stock, valued at $106,524,394.62. This trade represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock valued at $29,496,571 in the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of Transdigm Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. The Goldman Sachs Group boosted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Truist Financial upped their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Transdigm Group in a report on Saturday, September 27th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,588.50.

Transdigm Group Trading Up 0.5%

TDG stock opened at $1,290.47 on Friday. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The business’s 50 day moving average is $1,373.81 and its 200-day moving average is $1,410.62. The firm has a market cap of $72.72 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.33 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced its quarterly 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 analyst estimates of $2.29 billion. During the same period in the prior year, the firm earned $9.00 EPS. 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. Sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS 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 issued a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase 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.