Transdigm Group Incorporated $TDG Shares Sold by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. decreased its stake in Transdigm Group by 2.2%, now owning 33,794 shares valued at approximately $51.39 million.
• Transdigm Group's stock has seen a 2.1% increase recently, opening at $1,329.45, with a market cap of $74.91 billion and significant analyst interest.
• The company announced an increase in its special dividend to $90.00, up from $75.00, indicating strong financial performance and shareholder returns.

Cookson Peirce & Co. Inc. reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,794 shares of the aerospace company's stock after selling 758 shares during the quarter. Transdigm Group accounts for about 2.3% of Cookson Peirce & Co. Inc.'s holdings, making the stock its 9th biggest position. Cookson Peirce & Co. Inc. owned approximately 0.06% of Transdigm Group worth $51,389,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Winch Advisory Services LLC boosted its position in 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 buying an additional 7 shares during the period. Saudi Central Bank purchased a new position in shares of Transdigm Group in the first quarter worth approximately $30,000. Park Square Financial Group LLC raised its stake in Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock worth $47,000 after acquiring an additional 9 shares during the period. Ameritas Advisory Services LLC bought a new stake in Transdigm Group during the 2nd quarter worth approximately $47,000. Finally, Hilltop National Bank bought a new stake in shares of Transdigm Group during the second quarter valued at approximately $71,000. Institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 2.1%

TDG opened at $1,329.45 on Wednesday. The business's fifty day simple moving average is $1,320.09 and its 200 day simple moving average is $1,403.64. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market cap of $74.91 billion, a P/E ratio of 44.12, a PEG ratio of 3.03 and a beta of 1.02.

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 (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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm earned $9.00 EPS. The company's revenue for the quarter 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, equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $90.00 dividend. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an "overweight" rating for the company in a report on Wednesday, October 15th. Citigroup increased their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. KeyCorp dropped 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 research note on Friday, August 8th. Truist Financial dropped their price target on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a "buy" rating on the stock in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,564.56.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the sale, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Graff sold 1,760 shares of the company's 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 value of $2,467,696.00. Following the completion of the sale, the director owned 1,964 shares in the company, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock valued at $27,800,332 in the last three months. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Company 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.

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