Transdigm Group Incorporated $TDG Position Decreased by Anchor Investment Management LLC

Anchor Investment Management LLC cut its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 94.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44 shares of the aerospace company's stock after selling 783 shares during the quarter. Anchor Investment Management LLC's holdings in Transdigm Group were worth $61,000 at the end of the most recent quarter.

• TransDigm’s Edge: From Spare Parts to Sky-High Profits

A number of other hedge funds also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC lifted its stake 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 valued at $26,000 after buying an additional 10 shares in the last quarter. Winch Advisory Services LLC lifted its stake in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares in the last quarter. Saudi Central Bank purchased a new stake in Transdigm Group during the first quarter valued at about $30,000. Park Square Financial Group LLC purchased a new stake in Transdigm Group during the fourth quarter valued at about $32,000. Finally, Wayfinding Financial LLC purchased a new stake in Transdigm Group during the first quarter valued at about $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,061,852. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,232 shares of company stock worth $23,998,436 over the last ninety days. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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A number of research firms have commented on TDG. 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 note on Friday, July 11th. Royal Bank Of Canada lowered shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $1,550.00 to $1,385.00 in a research note on Monday. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Stifel Nicolaus began coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,607.57.

Read Our Latest Stock Report on Transdigm Group

Transdigm Group Stock Up 0.4%

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NYSE TDG opened at $1,292.92 on Friday. The stock has a market capitalization of $72.86 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 2.72 and a beta of 1.03. The company has a 50 day moving average price of $1,462.03 and a two-hundred day moving average price of $1,416.37. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date is Tuesday, September 2nd.

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.

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