Ampfield Management L.P. Decreases Stock Position in Transdigm Group Incorporated $TDG

Key Points

• Ampfield Management L.P. reduced its stake in Transdigm Group by 1.9%, holding 33,305 shares valued at approximately $50.6 million.
• Analysts have a consensus Moderate Buy rating for Transdigm Group, with target prices ranging from $1,420 to $1,710.
• Transdigm recently announced a special dividend of $90.00 per share, an increase from the previous $75.00 payout.

Ampfield Management L.P. trimmed its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,305 shares of the aerospace company's stock after selling 660 shares during the quarter. Transdigm Group accounts for about 37.8% of Ampfield Management L.P.'s holdings, making the stock its largest position. Ampfield Management L.P. owned about 0.06% of Transdigm Group worth $50,645,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its stake in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC raised its stake in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the period. Saudi Central Bank bought a new stake in shares of Transdigm Group during the 1st quarter valued at $30,000. Park Square Financial Group LLC raised its stake in shares of Transdigm Group by 36.0% during the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 9 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Transdigm Group during the 2nd quarter valued at $47,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets assumed coverage on Transdigm Group in a research note on Tuesday. They issued an "outperform" rating and a $1,420.00 target price on the stock. Jefferies Financial Group decreased their target price on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Susquehanna upped their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Stifel Nicolaus assumed coverage on Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,588.50.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,593,852. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the sale, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,232 shares of company stock valued at $29,496,571. 4.09% of the stock is owned by insiders.

Transdigm Group Trading Up 0.5%

Shares of Transdigm Group stock opened at $1,290.47 on Friday. The firm has a market capitalization of $72.72 billion, a PE ratio of 42.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.02. The business's 50-day moving average price is $1,373.81 and its 200-day moving average price is $1,410.35. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Transdigm Group 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.

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.