Brighton Jones LLC Acquires 29 Shares of Transdigm Group Incorporated $TDG

Brighton Jones LLC lifted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,129 shares of the aerospace company’s stock after purchasing an additional 29 shares during the quarter. Brighton Jones LLC’s holdings in Transdigm Group were worth $1,717,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TDG. Vontobel Holding Ltd. acquired a new stake in Transdigm Group in the first quarter worth about $387,000. Equitable Trust Co. increased its position in Transdigm Group by 8.2% in the second quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock worth $9,688,000 after purchasing an additional 484 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock worth $11,970,000 after purchasing an additional 380 shares during the period. BNP Paribas Financial Markets increased its position in Transdigm Group by 5.4% in the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock worth $143,952,000 after purchasing an additional 5,369 shares during the period. Finally, Radnor Capital Management LLC increased its position in Transdigm Group by 57.9% in the second quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock worth $1,908,000 after purchasing an additional 460 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $4,606,524. This represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the sale, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,232 shares of company stock worth $27,800,332. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Performance

Shares of TDG opened at $1,359.71 on Monday. The firm has a market capitalization of $76.62 billion, a PE ratio of 45.13, a P/E/G ratio of 3.34 and a beta of 1.02. The stock has a 50 day simple moving average of $1,316.00 and a 200 day simple moving average of $1,406.47. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

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

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $90.00 dividend. 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

A number of analysts recently commented on TDG shares. BMO Capital Markets started coverage on Transdigm Group in a research report on Tuesday, September 30th. They issued an “outperform” rating and a $1,420.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Transdigm Group in a research report on Friday. UBS Group lifted 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. 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 report on Thursday, August 7th. Finally, Susquehanna decreased their target price on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Transdigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

Transdigm Group Company 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.