Great Lakes Advisors LLC Purchases 830 Shares of Transdigm Group Incorporated $TDG

Key Points

• Great Lakes Advisors LLC increased its stake in Transdigm Group by 28.3% during the 1st quarter, owning 3,768 shares worth approximately $5.2 million.
• The aerospace company reported a net margin of 20.98% for the last quarter but missed earnings expectations with an EPS of $9.60 versus the consensus of $9.75.
• Transdigm Group is set to pay a special dividend of $90.00 on September 12th, which is an increase from the previous special dividend of $75.00.

Great Lakes Advisors LLC boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 28.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,768 shares of the aerospace company's stock after acquiring an additional 830 shares during the quarter. Great Lakes Advisors LLC's holdings in Transdigm Group were worth $5,212,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% in 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 in the last quarter. Winch Advisory Services LLC boosted its holdings 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 purchasing an additional 7 shares during the last quarter. Saudi Central Bank acquired a new position in Transdigm Group in the first quarter valued at approximately $30,000. Park Square Financial Group LLC purchased a new stake in Transdigm Group during the fourth quarter valued at about $32,000. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group during the first quarter worth $75,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Stock Down 1.6%

Shares of Transdigm Group stock traded down $20.91 during midday trading on Friday, hitting $1,272.39. The company had a trading volume of 395,960 shares, compared to its average volume of 384,129. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company has a fifty day simple moving average of $1,457.03 and a 200 day simple moving average of $1,415.93. The stock has a market cap of $71.70 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 2.73 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate 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 company 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 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 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 will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TDG. Morgan Stanley boosted their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. KeyCorp dropped their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. UBS Group increased their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada cut shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $1,550.00 to $1,385.00 in a research report on Monday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insider Buying and Selling

In other news, Director Michael Graff sold 1,760 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the sale, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,232 shares of company stock valued at $23,998,436. Corporate insiders own 4.09% of the company's stock.

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.