Bain Capital Public Equity Management II LLC Takes $157.89 Million Position in Transdigm Group Incorporated $TDG

Key Points

• Bain Capital Public Equity Management II LLC acquired 114,141 shares of Transdigm Group, valued at approximately $157.89 million, making it the company's third largest position in their portfolio.
• After recent analyst evaluations, Transdigm Group's target price was raised by several institutions, with Morgan Stanley setting a new target at $1,750.00 and maintaining an "overweight" rating for the stock.
• Transdigm Group declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, scheduled for payment on September 12th.

Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 114,141 shares of the aerospace company's stock, valued at approximately $157,890,000. Transdigm Group makes up about 12.4% of Bain Capital Public Equity Management II LLC's investment portfolio, making the stock its 3rd biggest position. Bain Capital Public Equity Management II LLC owned about 0.20% of Transdigm Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. GAMMA Investing LLC lifted its position in Transdigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares during the period. Nuveen LLC acquired a new stake in Transdigm Group during the 1st quarter worth about $168,048,000. Vanguard Group Inc. lifted its position in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Transdigm Group by 24.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock worth $433,120,000 after acquiring an additional 67,151 shares during the period. Finally, Deutsche Bank AG lifted its position in Transdigm Group by 51.2% during the 4th quarter. Deutsche Bank AG now owns 193,042 shares of the aerospace company's stock worth $244,638,000 after acquiring an additional 65,388 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Down 0.8%

Shares of Transdigm Group stock traded down $9.65 on Friday, hitting $1,272.16. 489,982 shares of the company were exchanged, compared to its average volume of 335,867. The stock has a market capitalization of $71.69 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.71 and a beta of 1.03. The company has a 50-day moving average price of $1,479.69 and a 200 day moving average price of $1,416.89. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its 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 company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts forecast 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 will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insider Buying and Selling at Transdigm Group

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,932 shares of company stock worth $96,378,273. 4.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TDG. JPMorgan Chase & Co. lifted their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Morgan Stanley lifted 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. Susquehanna lifted their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Truist Financial lifted their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

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.