Park Avenue Securities LLC Takes Position in Transdigm Group Incorporated $TDG

Key Points

• Park Avenue Securities LLC acquired a new position in Transdigm Group, purchasing 904 shares valued at approximately $1,375,000.
• COO Joel Reiss sold 3,000 shares of Transdigm, representing a 45.45% decrease in his holding, while Director Michael Graff sold 1,760 shares, marking a 47.26% decrease in his position.
• Transdigm Group recently increased its special dividend to $90.00 per share, up from $75.00, reflecting strong company performance despite missing earnings estimates.

Park Avenue Securities LLC acquired a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 904 shares of the aerospace company's stock, valued at approximately $1,375,000.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares in the last quarter. Winch Advisory Services LLC raised its position 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 purchasing an additional 7 shares during the period. Saudi Central Bank acquired a new stake in shares of Transdigm Group in the first quarter worth $30,000. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group in the fourth quarter worth $32,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Transdigm Group during the 1st quarter worth $75,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $4,593,852. This represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock worth $29,496,571 over the last 90 days. 4.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TDG. Truist Financial boosted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. Jefferies Financial Group decreased their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. KeyCorp dropped 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 report on Friday, August 8th. Finally, Morgan Stanley upped their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,599.73.

Transdigm Group Stock Down 0.7%

NYSE TDG opened at $1,291.23 on Friday. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The stock has a market cap of $72.76 billion, a P/E ratio of 42.86, a PEG ratio of 2.75 and a beta of 1.03. The company's 50-day simple moving average is $1,409.41 and its 200 day simple moving average is $1,412.06.

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). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm posted $9.00 earnings per share. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share 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 was Tuesday, September 2nd.

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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