Allstate Corp Boosts Holdings in Transdigm Group Incorporated $TDG

Key Points

• Allstate Corp increased its holdings in Transdigm Group by 29.4% during the first quarter, bringing the total value of its shares to approximately $2.92 million.
• Several institutional investors, including GAMMA Investing LLC and Vanguard Group, also significantly adjusted their positions in Transdigm Group, with GAMMA increasing its stake by an astonishing 177,412.3%.
• Transdigm recently announced a special dividend increase, boosting it from $75.00 to $90.00, with the payment set for September 12th to investors of record on September 2nd.

Allstate Corp grew its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,112 shares of the aerospace company's stock after buying an additional 480 shares during the quarter. Allstate Corp's holdings in Transdigm Group were worth $2,922,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their target price on shares of 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. KeyCorp decreased their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,624.69.

Insider Activity

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,061,852. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,172 shares of company stock valued at $93,910,577. 4.09% of the stock is owned by company insiders.

Transdigm Group Price Performance

Shares of Transdigm Group stock opened at $1,406.9420 on Friday. The business has a 50-day moving average of $1,498.97 and a 200-day moving average of $1,414.83. The company has a market capitalization of $79.28 billion, a PE ratio of 46.70, a P/E/G ratio of 2.94 and a beta of 1.07. 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 released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business posted $9.00 EPS. The firm's quarterly 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. On average, equities analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a $90.00 dividend. 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.

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.

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