Teamwork Financial Advisors LLC Sells 11,266 Shares of Transdigm Group Incorporated $TDG

Key Points

• Teamwork Financial Advisors LLC reduced its position in Transdigm Group by 92.3%, dropping from 12,201 shares to 935 shares, valued at approximately $1.4 million.
• Analysts are optimistic about Transdigm Group, with nine analysts giving it a Buy rating and a consensus target price of $1,607.57, reflecting projected growth.
• The company recently paid a special dividend of $90.00 per share, an increase from the previous dividend of $75.00, signaling strong financial performance.

Teamwork Financial Advisors LLC lessened its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 92.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 935 shares of the aerospace company's stock after selling 11,266 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Transdigm Group were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC lifted its holdings in shares of Transdigm Group by 111.1% during the first 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 during the period. Winch Advisory Services LLC boosted its position in 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 in the last quarter. Saudi Central Bank bought a new stake in Transdigm Group during the first quarter worth about $30,000. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the fourth quarter worth approximately $32,000. Finally, Wayfinding Financial LLC bought a new position in shares of Transdigm Group in the first quarter valued at approximately $75,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented 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 research report on Thursday, August 7th. KeyCorp decreased their target price on 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. Truist Financial lifted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Morgan Stanley increased their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insider Transactions at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $27,634,663.56. The trade was a 11.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were 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. The trade was a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,232 shares of company stock worth $29,941,171. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 0.5%

Transdigm Group stock traded down $6.98 during midday trading on Tuesday, reaching $1,281.15. The stock had a trading volume of 260,209 shares, compared to its average volume of 374,608. The firm's 50-day moving average price is $1,447.40 and its 200 day moving average price is $1,415.50. 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 $72.19 billion, a PE ratio of 42.52, a P/E/G ratio of 2.72 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the business posted $9.00 EPS. The company's quarterly revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts expect 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 was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

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.