Shares of TransDigm Group Incorporated (NYSE:TDG) acquired by Daiwa Securities Group Inc.

VaselineSeptember 12, 2024

0 4 minutes read

Daiwa Securities Group Inc. raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG – Free Report) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,050 shares of the aerospace company’s stock after acquiring an additional 519 shares during the period. Holdings of Daiwa Securities Group Inc. in TransDigm Group were worth $7,730,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC acquired a new stake in shares of TransDigm Group in the 1st quarter worth $30,000. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the first quarter valued at $39,000. Frazier Financial Advisors LLC acquired a new position in TransDigm Group in the fourth quarter valued at $43,000. Finally, Crewe Advisors LLC acquired a new stake in TransDigm Group in the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 95.78% of the company’s shares.

Changes in Analyst Ratings

TDG has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Bank of America raised their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley upped their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th . Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,438.24, according to MarketBeat.

Want more great investment ideas?

Read our latest analysis of TransDigm Group

Insider buying and selling

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders have sold a total of 28,073 shares of company stock worth $34,795,388 in the last 90 days. Corporate insiders own 4.96% of the company’s shares.

TransDigm Group’s trading increased by 1.3%

Shares of TransDigm Group stock opened at $1,328.03 on Thursday. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,380.83. The company’s 50-day moving average price is $1,278.73, and its two-hundred-day moving average price is $1,265.94. The stock has a market cap of $74.52 billion, a price-to-earnings ratio of 52.68, a P/E/G ratio of 2.04 and a beta of 1.42.

TransDigm Group (NYSE:TDG – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s revenue for the quarter was up 17.3% year over year. During the same period in the previous year, the company earned $6.55 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current year.

About TransDigm Group

(Free Report)

TransDigm Group Incorporated designs, manufactures 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 conditioners, specialized AC/DC electric motors and generators, batteries and chargers, data bus and power controls, sensor products, switch and relay panels, hoists, winches and hoists, and cargo loading and handling systems.