Transdigm Group Incorporated $TDG Shares Sold by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC significantly cut its holdings in Transdigm Group by 92.8%, selling 2,025 shares and retaining only 156 shares worth $237,000.
• Several institutional investors increased their stakes in Transdigm Group, with notable increases from Winch Advisory Services by 53.8% and MassMutual Private Wealth & Trust FSB by 2.8%.
• Transdigm Group declared a special dividend of $90.00, up from the previous $75.00, indicating strong cash flow and shareholder returns.

Procyon Advisors LLC decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 92.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156 shares of the aerospace company's stock after selling 2,025 shares during the period. Procyon Advisors LLC's holdings in Transdigm Group were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% during the 1st 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. MassMutual Private Wealth & Trust FSB grew its position in Transdigm Group by 2.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company's stock valued at $391,000 after buying an additional 7 shares during the period. Rothschild Investment LLC grew its position in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after buying an additional 8 shares during the period. Balefire LLC grew its position in shares of Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 8 shares during the period. Finally, New Republic Capital LLC grew its position in shares of Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Performance

NYSE TDG traded down $4.68 on Friday, reaching $1,281.44. 520,191 shares of the stock traded hands, compared to its average volume of 354,813. The company has a fifty day moving average price of $1,432.10 and a 200-day moving average price of $1,413.77. The company has a market cap of $72.21 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 2.71 and a beta of 1.03. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month 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 the consensus estimate 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 firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm earned $9.00 earnings per share. The business's revenue 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. As a group, research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analysts Set New Price Targets

Several research firms have issued reports on TDG. Royal Bank Of Canada lowered Transdigm Group from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. JPMorgan Chase & Co. boosted their price objective on 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. KeyCorp cut their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. Finally, Morgan Stanley upped their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Transdigm Group has an average rating of "Moderate Buy" and an average price target of $1,599.73.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares of the company's stock, valued at $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,232 shares of company stock worth $25,668,361. 4.09% of the stock is currently owned by corporate insiders.

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.