Pennant Investors LP Has $36.76 Million Holdings in Transdigm Group Incorporated $TDG

Key Points

• Pennant Investors LP increased its stake in Transdigm Group by 37.2% in the first quarter, now owning 26,571 shares worth approximately $36.76 million, making it the fund's fourth largest position.
• Transdigm recently declared a special dividend of $90.00 per share, up from the previous special dividend of $75.00, set to be paid on September 12th.
• The company's Q2 earnings report showed earnings per share of $9.60, falling short of estimates, while revenue increased 9.3% year-over-year to $2.24 billion.

Pennant Investors LP grew its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 37.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,571 shares of the aerospace company's stock after acquiring an additional 7,200 shares during the quarter. Transdigm Group accounts for about 9.6% of Pennant Investors LP's investment portfolio, making the stock its 4th largest holding. Pennant Investors LP's holdings in Transdigm Group were worth $36,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Bruce G. Allen Investments LLC raised its holdings in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC increased its position in shares of Transdigm Group by 53.8% during the first 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. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the fourth quarter worth $32,000. Wayfinding Financial LLC bought a new stake in Transdigm Group in the 1st quarter valued at $75,000. Finally, CVA Family Office LLC lifted its position in Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 32 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the stock in a transaction on 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 transaction, the director owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,932 shares of company stock worth $96,378,273. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Trading Up 0.2%

Shares of TDG traded up $2.71 during mid-day trading on Friday, reaching $1,400.77. The company's stock had a trading volume of 311,909 shares, compared to its average volume of 435,967. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The business has a 50-day simple moving average of $1,496.57 and a two-hundred day simple moving average of $1,418.47. The stock has a market cap of $78.93 billion, a P/E ratio of 46.49, a PEG ratio of 2.96 and a beta of 1.03.

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

Transdigm Group Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on TDG shares. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. KeyCorp lowered their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group boosted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley raised their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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.