Kovitz Investment Group Partners LLC Has $2.91 Million Stake in Transdigm Group Incorporated $TDG

Key Points

• Kovitz Investment Group Partners LLC has increased its stake in Transdigm Group by 19.9% in the first quarter, now holding shares worth $2,914,000.
• Insiders at Transdigm Group have sold a total of 65,172 shares over the last ninety days, with CFO Sarah Wynne and Director W Nicholas Howley both reducing their ownership by significant amounts.
• Analysts have raised price targets for Transdigm Group, with several firms setting targets as high as $1,795.00, reflecting a consensus rating of "Moderate Buy".

Kovitz Investment Group Partners LLC increased its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 19.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,106 shares of the aerospace company's stock after purchasing an additional 350 shares during the period. Kovitz Investment Group Partners LLC's holdings in Transdigm Group were worth $2,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its holdings in shares of 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 buying an additional 7 shares during the period. Rothschild Investment LLC lifted 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 acquiring an additional 8 shares in the last quarter. Balefire LLC boosted its stake in Transdigm Group by 4.9% in the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after purchasing an additional 8 shares during the period. New Republic Capital LLC increased its holdings in Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after purchasing an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of 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 purchasing an additional 8 shares during the period. 95.78% of the stock is owned by institutional investors.

Transdigm Group Trading Up 1.1%

Shares of Transdigm Group stock traded up $15.03 during trading on Friday, hitting $1,408.17. 154,745 shares of the stock were exchanged, compared to its average volume of 291,379. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The stock has a market capitalization of $79.35 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 2.96 and a beta of 1.07. The company has a fifty day moving average price of $1,499.59 and a 200-day moving average price of $1,414.14.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 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 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%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

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

Insider Activity at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 45,700 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the transaction, the director directly owned 88,419 shares in the company, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,172 shares of company stock valued at $93,910,577 over the last three months. Company insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TDG. Susquehanna increased their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. KeyCorp reduced their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group 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.