Chicago Partners Investment Group LLC Sells 12 Shares of Transdigm Group Incorporated $TDG

Chicago Partners Investment Group LLC reduced its stake in Transdigm Group Incorporated (NYSE:TDG) by 0.3% during the second quarter, HoldingsChannel reports. The firm owned 3,624 shares of the aerospace company’s stock after selling 12 shares during the period. Chicago Partners Investment Group LLC’s holdings in Transdigm Group were worth $5,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Transdigm Group by 28.3% during the 1st quarter. GAMMA Investing LLC now owns 897 shares of the aerospace company’s stock valued at $1,241,000 after buying an additional 198 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Transdigm Group by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,977 shares of the aerospace company’s stock worth $6,886,000 after purchasing an additional 45 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Transdigm Group in the 1st quarter worth about $201,000. QRG Capital Management Inc. increased its position in shares of Transdigm Group by 3.1% during the 1st quarter. QRG Capital Management Inc. now owns 938 shares of the aerospace company’s stock valued at $1,298,000 after purchasing an additional 28 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Transdigm Group during the 1st quarter valued at about $213,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Transdigm Group Stock Performance

Shares of Transdigm Group stock opened at $1,267.98 on Friday. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The company’s 50 day moving average price is $1,323.87 and its 200-day moving average price is $1,403.42. The stock has a market capitalization of $71.45 billion, a price-to-earnings ratio of 42.08, a P/E/G ratio of 2.90 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Transdigm Group’s previous special dividend of $75.00.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the transaction, the director owned 83,419 shares of the company’s stock, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,232 shares of company stock worth $28,755,142 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent research reports. Stifel Nicolaus started coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 target price for the company. UBS Group boosted their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. KeyCorp cut their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Truist Financial decreased their target price on shares of Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research report on Wednesday. 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 note on Wednesday, September 17th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

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.