Steward Partners Investment Advisory LLC Sells 607 Shares of Transdigm Group Incorporated $TDG

Key Points

• Steward Partners Investment Advisory LLC reduced its stake in Transdigm Group by 7.7%, selling 607 shares and now holding 7,230 shares valued at approximately $10 million.
• Other institutional investors have also shown significant trading activity, with GAMMA Investing LLC increasing its holdings by an incredible 177,412.3%, while Vanguard Group Inc. raised its stake by 1.4%.
• Recent analyst reports have been positive, with multiple firms assigning a "buy" rating and increasing price targets, reflecting a consensus rating of "Moderate Buy" with an average target price of $1,624.69.

Steward Partners Investment Advisory LLC decreased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,230 shares of the aerospace company's stock after selling 607 shares during the period. Steward Partners Investment Advisory LLC's holdings in Transdigm Group were worth $10,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its stake in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC grew its stake in 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 purchasing an additional 7 shares during the period. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the fourth quarter worth approximately $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group during the first quarter worth approximately $75,000. Finally, CVA Family Office LLC grew its stake in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on TDG shares. UBS Group increased their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Citigroup increased their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Transactions at Transdigm Group

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

Transdigm Group Price Performance

NYSE:TDG traded up $13.8020 during mid-day trading on Friday, reaching $1,406.9420. 251,040 shares of the company's stock traded hands, compared to its average volume of 291,509. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm has a market capitalization of $79.28 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 2.96 and a beta of 1.07. The company has a 50 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 announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) 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 business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $9.00 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date is 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.