Transdigm Group (NYSE:TDG) Director Sells $3,508,837.92 in Stock

Key Points

• Transdigm Group's Director, W Nicholas Howley, sold 2,736 shares at an average price of $1,282.47, totaling approximately $3.51 million, resulting in an 11.27% decrease in his ownership.
• The company reported Q2 earnings of $9.60 per share, falling short of the $9.75 expected by analysts, and revenue of $2.24 billion, missing estimates by $50 million.
• Transdigm recently paid a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, which reflects strong cash flow and returns to shareholders.

Transdigm Group Incorporated (NYSE:TDG - Get Free Report) Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total transaction of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares of the company's stock, valued at approximately $27,634,663.56. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

W Nicholas Howley also recently made the following trade(s):

• On Tuesday, July 15th, W Nicholas Howley sold 2,736 shares of Transdigm Group stock. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96.

Transdigm Group Stock Down 0.4%

Shares of NYSE:TDG traded down $4.68 on Friday, hitting $1,281.44. The company had a trading volume of 520,191 shares, compared to its average volume of 354,813. The firm's 50-day simple moving average is $1,432.10 and its two-hundred day simple moving average is $1,413.77. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The firm has a market capitalization of $72.21 billion, a price-to-earnings ratio of 42.53, a P/E/G ratio of 2.71 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the business posted $9.00 earnings per share. The company'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. Equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TDG shares. 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, September 8th. The Goldman Sachs Group lifted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley lifted 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 research report on Thursday, July 17th. Truist Financial lifted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Jefferies Financial Group lowered their price target on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,599.73.

Institutional Trading of Transdigm Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Winch Advisory Services LLC raised 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 valued at $28,000 after purchasing an additional 7 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Transdigm Group by 2.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company's stock valued at $391,000 after purchasing an additional 7 shares in the last quarter. Diversified Enterprises LLC raised its stake in Transdigm Group by 3.8% during the second quarter. Diversified Enterprises LLC now owns 193 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 7 shares in the last quarter. FSM Wealth Advisors LLC raised its stake in Transdigm Group by 3.8% during the second quarter. FSM Wealth Advisors LLC now owns 191 shares of the aerospace company's stock valued at $292,000 after purchasing an additional 7 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 8 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.