44,816 Shares in Transdigm Group Incorporated $TDG Acquired by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has acquired 44,816 shares of Transdigm Group, valued at approximately $61.99 million, as part of their new investment position in the aerospace company.
• Transdigm Group reported a miss in quarterly earnings with an EPS of $9.60, below the analysts' expectations of $9.75, despite a year-over-year revenue increase of 9.3%.
• The company announced a special dividend increase from $75.00 to $90.00 per share, set to be paid on September 12th, reflecting ongoing shareholder rewards.

Adage Capital Partners GP L.L.C. bought a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,816 shares of the aerospace company's stock, valued at approximately $61,994,000. Adage Capital Partners GP L.L.C. owned about 0.08% of Transdigm Group as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Winch Advisory Services LLC boosted its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Transdigm Group by 13.1% during the 1st 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. Balefire LLC increased its holdings in shares of Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 8 shares in the last quarter. New Republic Capital LLC increased its holdings in shares of Transdigm Group by 4.6% during the 1st quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Transdigm Group by 3.7% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after purchasing an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of Transdigm Group 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 owned 3,600 shares in the company, valued at approximately $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of Transdigm Group 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 transaction, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,932 shares of company stock worth $96,378,273 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TDG shares. The Goldman Sachs Group lifted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. increased 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. Truist Financial increased their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Morgan Stanley increased their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Stock Down 0.8%

Shares of NYSE TDG traded down $9.65 during midday trading on Friday, hitting $1,272.16. The stock had a trading volume of 489,982 shares, compared to its average volume of 335,867. The company has a market capitalization of $71.69 billion, a PE ratio of 42.22, a P/E/G ratio of 2.71 and a beta of 1.03. The stock has a 50 day simple moving average of $1,479.69 and a 200-day simple moving average 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 announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (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 business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm earned $9.00 EPS. The company's revenue for the quarter 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. As a group, analysts expect 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 will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

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.