AlphaQuest LLC Purchases 354 Shares of Transdigm Group Incorporated $TDG

Key Points

• AlphaQuest LLC increased its stake in Transdigm Group Incorporated by 140.5%, acquiring an additional 354 shares during the first quarter, bringing its total to 606 shares valued at $838,000.
• Major equities analysts have raised their target prices for Transdigm Group, with increases from firms like Goldman Sachs and Citigroup, reflecting a consensus "buy" rating from nine analysts.
• Transdigm has announced a special dividend of $90.00, up from a previous special dividend of $75.00, to be paid on September 12th to shareholders on record by September 2nd.

AlphaQuest LLC grew its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 140.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 606 shares of the aerospace company's stock after acquiring an additional 354 shares during the quarter. AlphaQuest LLC's holdings in Transdigm Group were worth $838,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of Transdigm Group in the 1st quarter worth approximately $387,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Transdigm Group in the 1st quarter worth approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after buying an additional 380 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Transdigm Group in the 1st quarter worth approximately $263,000. Finally, Paragon Advisors LLC raised its holdings in shares of Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after buying an additional 224 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TDG shares. Truist Financial increased their target price 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. The Goldman Sachs Group increased their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Citigroup increased their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Stifel Nicolaus started coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. Finally, Wells Fargo & Company increased their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Transdigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Transactions at Transdigm Group

In other news, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction 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 completion of the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,172 shares of company stock valued at $93,910,577 over the last quarter. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

TDG stock opened at $1,406.9420 on Monday. The business has a fifty day moving average price of $1,498.97 and a 200 day moving average price of $1,416.50. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The stock has a market capitalization of $79.28 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.98 and a beta of 1.07.

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 net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $9.00 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. 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 announced a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a $90.00 dividend. This is an increase 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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