Argent Capital Management LLC Purchases 10,105 Shares of Transdigm Group Incorporated $TDG

Key Points

• Argent Capital Management LLC significantly increased its holdings in Transdigm Group Incorporated by purchasing an additional 10,105 shares, raising their stake to 17.6% and making it their 7th largest investment.
• Transdigm recently exceeded its previous special dividend, paying a record $90.00 per share, up from $75.00, illustrating a strong return of capital to shareholders.
• While reporting quarterly earnings, Transdigm missed analysts' expectations with earnings per share of $9.60, but revenue increased by 9.3% year-over-year.

Argent Capital Management LLC grew its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,537 shares of the aerospace company's stock after purchasing an additional 10,105 shares during the period. Transdigm Group makes up about 2.9% of Argent Capital Management LLC's holdings, making the stock its 7th largest holding. Argent Capital Management LLC owned about 0.12% of Transdigm Group worth $102,700,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TDG. Vanguard Group Inc. raised its stake in shares of Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after acquiring an additional 89,121 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after acquiring an additional 1,240,112 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Transdigm Group by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock valued at $504,840,000 after acquiring an additional 14,703 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Transdigm Group by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company's stock valued at $490,533,000 after acquiring an additional 12,842 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Transdigm Group by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock valued at $378,917,000 after acquiring an additional 67,547 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the sale, the director owned 21,548 shares of the company's stock, valued at approximately $27,634,663.56. The trade was a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred 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 directly owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $25,668,361 over the last quarter. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Up 1.0%

NYSE TDG opened at $1,295.31 on Tuesday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The business's 50-day moving average price is $1,426.52 and its 200 day moving average price is $1,413.94. The firm has a market cap of $72.99 billion, a P/E ratio of 42.99, a P/E/G ratio of 2.71 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the firm posted $9.00 EPS. Transdigm Group's revenue for the quarter 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. As a group, analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share 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 issued a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Royal Bank Of Canada cut Transdigm Group from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. UBS Group raised their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Truist Financial raised their price target on 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. Finally, KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Ten 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, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,599.73.

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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