Kornitzer Capital Management Inc. KS Trims Stake in Transdigm Group Incorporated $TDG

Key Points

• Kornitzer Capital Management Inc. reduced its stake in Transdigm Group by 17.1% during Q2, owning 1,946 shares valued at approximately $2.96 million.
• Transdigm Group recently experienced significant insider trading, with COO Joel Reiss selling 3,000 shares, representing a 45.45% decrease in his ownership, and Director W Nicholas Howley selling 2,736 shares.
• Transdigm Group declared a special dividend of $90.00 per share, up from the previous $75.00, demonstrating the firm's ongoing financial strength.

Kornitzer Capital Management Inc. KS reduced its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,946 shares of the aerospace company's stock after selling 400 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Transdigm Group were worth $2,959,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TDG. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the period. Saudi Central Bank acquired a new stake in Transdigm Group in the first quarter valued at approximately $30,000. Park Square Financial Group LLC grew its holdings in Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 9 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Transdigm Group in the second quarter valued at approximately $47,000. Finally, Hilltop National Bank acquired a new stake in Transdigm Group in the second quarter valued at approximately $71,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total value of $3,838,770.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $4,606,524. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $27,988,050.76. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $27,800,332 over the last ninety days. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

NYSE TDG opened at $1,359.71 on Friday. The stock's fifty day moving average is $1,316.00 and its two-hundred day moving average is $1,405.85. The firm has a market capitalization of $76.62 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 3.34 and a beta of 1.02. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released 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). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $90.00 per share. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TDG shares. UBS Group lifted their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Morgan Stanley lowered their price target on Transdigm Group from $1,750.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 15th. Citigroup lifted 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. BMO Capital Markets started coverage on Transdigm Group in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $1,420.00 price target on the stock. Finally, KeyCorp lowered 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. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,564.56.

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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