APG Asset Management N.V. Lowers Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• APG Asset Management N.V. has reduced its stake in Transdigm Group by 8.2%, selling 3,461 shares, leaving it with a total of 39,003 shares valued at approximately $49.9 million.
• Transdigm Group has reported a 9.3% increase in revenue year-over-year, although it missed earnings expectations with reported EPS of $9.60 against a consensus of $9.75.
• The company announced a special dividend of $90.00 per share, an increase from the previous $75.00, with the ex-dividend date set for September 2nd.

APG Asset Management N.V. lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,003 shares of the aerospace company's stock after selling 3,461 shares during the period. APG Asset Management N.V. owned approximately 0.07% of Transdigm Group worth $49,947,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in Transdigm Group by 8.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 309 shares of the aerospace company's stock valued at $426,000 after purchasing an additional 23 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Transdigm Group by 10.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,712 shares of the aerospace company's stock valued at $7,901,000 after purchasing an additional 526 shares during the last quarter. AlphaQuest LLC boosted its stake in Transdigm Group by 140.5% during the 1st quarter. AlphaQuest LLC now owns 606 shares of the aerospace company's stock valued at $838,000 after purchasing an additional 354 shares during the last quarter. Titan Global Capital Management USA LLC boosted its stake in Transdigm Group by 0.8% during the 1st quarter. Titan Global Capital Management USA LLC now owns 22,950 shares of the aerospace company's stock valued at $31,747,000 after purchasing an additional 176 shares during the last quarter. Finally, Allstate Corp boosted its stake in Transdigm Group by 29.4% during the 1st quarter. Allstate Corp now owns 2,112 shares of the aerospace company's stock valued at $2,922,000 after purchasing an additional 480 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Price Performance

Shares of TDG stock traded up $23.73 during trading hours on Tuesday, reaching $1,413.71. 266,990 shares of the company traded hands, compared to its average volume of 415,674. The firm has a 50-day moving average price of $1,498.03 and a 200 day moving average price of $1,416.90. The company has a market cap of $79.66 billion, a P/E ratio of 46.92, a P/E/G ratio of 2.94 and a beta of 1.07. 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 released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates 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 negative return on equity of 35.27% and a net margin of 20.98%.Transdigm Group's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently announced a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date is Tuesday, September 2nd.

Insider Activity

In related news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,172 shares of company stock worth $93,910,577 in the last quarter. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TDG. Citigroup increased their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Truist Financial increased their target price 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. Susquehanna raised their price target 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. Finally, UBS Group upped their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

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.