Transdigm Group Incorporated $TDG Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Transdigm Group by 18.2%, leaving them with 4,073 shares valued at approximately $6.2 million as of the latest SEC filing.
• Multiple analysts have given Transdigm Group a favorable outlook, with ten analysts rating the stock as a "Buy" and raising price targets, including UBS Group's increase from $1,815.00 to $1,839.00.
• Transdigm Group recently declared a special dividend of $90.00 per share, up from the previous special dividend of $75.00, reflecting a positive shift in their dividend policy.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,073 shares of the aerospace company's stock after selling 904 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Transdigm Group were worth $6,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC increased its holdings in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Saudi Central Bank acquired a new position in Transdigm Group during the first quarter worth $30,000. Park Square Financial Group LLC purchased a new position in Transdigm Group during the fourth quarter valued at $32,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Transdigm Group during the first quarter worth about $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TDG shares. UBS Group raised their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Jefferies Financial Group decreased their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target for the company. Morgan Stanley increased their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and an average target price of $1,599.73.

Insider Activity

In related news, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the transaction, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Graff sold 1,760 shares of the 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 transaction, the director owned 1,964 shares of the company's stock, 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. Insiders have sold 21,232 shares of company stock worth $29,496,571 over the last quarter. 4.09% of the stock is currently owned by corporate insiders.

Transdigm Group Stock Up 0.1%

Shares of NYSE:TDG opened at $1,301.11 on Thursday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The stock has a market cap of $73.32 billion, a P/E ratio of 43.18, a PEG ratio of 2.75 and a beta of 1.03. The business has a fifty day moving average of $1,415.49 and a two-hundred day moving average of $1,412.37.

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. On average, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The company also recently declared 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 a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

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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