Transdigm Group Incorporated $TDG Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 17.6% in the second quarter, Holdings Channel.com reports. The fund owned 67,537 shares of the aerospace company’s stock after purchasing an additional 10,105 shares during the period. Transdigm Group makes up about 2.9% of Argent Capital Management LLC’s holdings, making the stock its 7th largest holding. Argent Capital Management LLC’s holdings in Transdigm Group were worth $102,700,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in shares of Transdigm Group during the 1st quarter worth approximately $387,000. Dynamic Advisor Solutions LLC purchased a new stake in Transdigm Group in the 1st quarter worth approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Transdigm Group by 4.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company’s stock valued at $11,970,000 after buying an additional 380 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Transdigm Group by 5.4% during the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after buying an additional 5,369 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in shares of Transdigm Group during the 1st quarter valued at $263,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $5,061,852. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock worth $25,668,361 in the last quarter. Company insiders own 4.09% of the company’s stock.

Transdigm Group Stock Up 1.0%

TDG opened at $1,295.31 on Tuesday. The firm has a market cap of $72.99 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company’s 50-day moving average price is $1,426.52 and its 200 day moving average price is $1,413.94.

Transdigm Group (NYSE:TDG) last released its quarterly earnings data 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company earned $9.00 EPS. Transdigm Group’s revenue 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. Research 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 announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a $90.00 dividend. This is a positive change from Transdigm Group’s previous special dividend of $75.00. The ex-dividend date was Tuesday, September 2nd.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDG. The Goldman Sachs Group boosted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Royal Bank Of Canada lowered Transdigm Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price objective for the company. Finally, Morgan Stanley upped their price objective 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. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,599.73.

About Transdigm Group

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.