CBIZ Investment Advisory Services LLC Sells 249 Shares of Transdigm Group Incorporated $TDG

Key Points

• CBIZ Investment Advisory Services LLC sold 249 shares of Transdigm Group, reducing its holdings by 0.8%, and now owns approximately 29,345 shares, valued at $40.6 million, representing 2.0% of its portfolio.
• Increased investor interest is noted, with several funds like Bruce G. Allen Investments LLC and Winch Advisory Services LLC significantly boosting their positions in Transdigm Group during the first quarter.
• Transdigm Group has recently declared a special dividend of $90.00, up from the previous $75.00, enhancing investor returns ahead of the payment date on September 12th.

CBIZ Investment Advisory Services LLC decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,345 shares of the aerospace company's stock after selling 249 shares during the quarter. Transdigm Group comprises 2.0% of CBIZ Investment Advisory Services LLC's holdings, making the stock its 8th largest holding. CBIZ Investment Advisory Services LLC owned approximately 0.05% of Transdigm Group worth $40,593,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC increased its position in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC increased its position in shares of 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 acquiring an additional 7 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Transdigm Group in the 1st quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new position in shares of Transdigm Group in the 4th quarter worth approximately $32,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Transdigm Group during the 1st quarter worth approximately $75,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup upped their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Susquehanna boosted their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada cut Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $1,550.00 to $1,385.00 in a report on Monday. UBS Group increased their price target on shares of 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. Finally, Morgan Stanley lifted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average price target of $1,607.57.

Insider Buying and Selling at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the transaction, the director directly owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,232 shares of company stock worth $23,998,436 over the last three months. Insiders own 4.09% of the company's stock.

Transdigm Group Trading Up 0.4%

Shares of TDG stock opened at $1,292.92 on Friday. The company has a market cap of $72.86 billion, a P/E ratio of 42.91, a PEG ratio of 2.72 and a beta of 1.03. The firm has a fifty day moving average price of $1,462.03 and a 200 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 announced its quarterly 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 for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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