Kestra Advisory Services LLC Sells 551 Shares of Transdigm Group Incorporated $TDG

Key Points

• Kestra Advisory Services LLC reduced its holdings in Transdigm Group by 19.1%, selling 551 shares, and now owns 2,337 shares valued at approximately $3.23 million.
• Insider transactions show significant sales, with Director Robert J. Small selling 45,700 shares worth over $65 million, indicating a 34.07% decrease in his position.
• Transdigm Group recently announced a special dividend of $90.00 per share, an increase from the prior special dividend of $75.00, payable on September 12th.

Kestra Advisory Services LLC cut its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,337 shares of the aerospace company's stock after selling 551 shares during the period. Kestra Advisory Services LLC's holdings in Transdigm Group were worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Winch Advisory Services LLC raised its position in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Rothschild Investment LLC increased its position in Transdigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after buying an additional 8 shares in the last quarter. Balefire LLC increased its position in Transdigm Group by 4.9% in the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after buying an additional 8 shares in the last quarter. New Republic Capital LLC increased its position in Transdigm Group by 4.6% in the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after buying an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Transdigm Group by 3.7% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after buying an additional 8 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Transactions at Transdigm Group

In other news, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares in the company, valued at $125,997,959.19. The trade was a 34.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,127,372. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,932 shares of company stock worth $96,378,273. 4.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. The Goldman Sachs Group boosted their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Truist Financial boosted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Transdigm Group Stock Performance

Shares of TDG opened at $1,397.00 on Thursday. The stock has a 50 day moving average price of $1,497.69 and a two-hundred day moving average price of $1,416.76. The firm has a market capitalization of $78.72 billion, a P/E ratio of 46.37, a P/E/G ratio of 2.99 and a beta of 1.07. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted $9.00 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. 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 earnings per share for the current year.

Transdigm Group Increases Dividend

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

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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