Janney Montgomery Scott LLC Buys 1,914 Shares of Transdigm Group Incorporated $TDG

Key Points

• Janney Montgomery Scott LLC increased its stake in Transdigm Group by 13.3% after acquiring an additional 1,914 shares, bringing their total holdings to 16,345 shares valued at approximately $24.85 million.
• Transdigm Group announced a special dividend of $90.00 per share, a significant increase from their prior special dividend of $75.00, which reflects positive growth in their financial performance.
• In recent insider trading, Director Robert J. Small sold 5,000 shares of the company, decreasing his position by 5.65%, while company insiders collectively sold 21,232 shares worth about $29.5 million over the last quarter.

Janney Montgomery Scott LLC lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 13.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,345 shares of the aerospace company's stock after acquiring an additional 1,914 shares during the period. Janney Montgomery Scott LLC's holdings in Transdigm Group were worth $24,855,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Moss Adams Wealth Advisors LLC bought a new stake in shares of Transdigm Group during the 2nd quarter worth $207,000. GC Wealth Management RIA LLC purchased a new position in Transdigm Group in the 2nd quarter worth $830,000. V Square Quantitative Management LLC raised its position in Transdigm Group by 29.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 196 shares of the aerospace company's stock worth $298,000 after purchasing an additional 45 shares during the period. Smith Salley Wealth Management raised its position in Transdigm Group by 3.3% in the 2nd quarter. Smith Salley Wealth Management now owns 8,140 shares of the aerospace company's stock worth $12,378,000 after purchasing an additional 259 shares during the period. Finally, Tritonpoint Wealth LLC purchased a new position in Transdigm Group in the 2nd quarter worth $228,000. 95.78% of the stock is owned by institutional investors.

Insider Activity at Transdigm Group

In other news, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the sale, the director owned 83,419 shares of the company's stock, valued at approximately $106,524,394.62. The trade was a 5.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total transaction of $3,508,837.92. Following the sale, the director directly owned 21,548 shares in the company, valued at $27,634,663.56. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,232 shares of company stock worth $29,496,571. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Down 1.4%

Shares of Transdigm Group stock opened at $1,299.98 on Thursday. The firm has a market cap of $73.25 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 2.79 and a beta of 1.02. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company's fifty day simple moving average is $1,386.45 and its two-hundred day simple moving average is $1,411.23.

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 firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.Transdigm Group's revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $90.00 per share. The ex-dividend date of this dividend 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 brokerages recently commented on TDG. Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of 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. Morgan Stanley lifted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group lifted their target price 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, Citigroup raised their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Eleven investment 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, Transdigm Group has an average rating of "Moderate Buy" and an average target price of $1,588.50.

About Transdigm Group

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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