Bank of Hawaii Reduces Position in Transdigm Group Incorporated $TDG

Key Points

• Bank of Hawaii has significantly reduced its stake in Transdigm Group, selling 241 shares and lowering its holdings by 47.1%, now owning 271 shares valued at approximately $375,000.
• Transdigm Group reported mixed quarterly earnings, posting $9.60 earnings per share, which was below expectations but showed a 9.3% increase in revenue year-over-year.
• The company declared a special dividend of $90.00 per share, an increase from the previous $75.00, with the payout scheduled for September 12th.

Bank of Hawaii lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 47.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271 shares of the aerospace company's stock after selling 241 shares during the period. Bank of Hawaii's holdings in Transdigm Group were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Coldstream Capital Management Inc. lifted its holdings in shares of Transdigm Group by 2.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 686 shares of the aerospace company's stock valued at $869,000 after acquiring an additional 18 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of Transdigm Group by 121.2% in the 4th quarter. Johnson Financial Group Inc. now owns 73 shares of the aerospace company's stock valued at $99,000 after acquiring an additional 40 shares during the last quarter. Quarry LP lifted its holdings in shares of Transdigm Group by 42.3% in the 4th quarter. Quarry LP now owns 138 shares of the aerospace company's stock valued at $175,000 after acquiring an additional 41 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of Transdigm Group by 301.8% in the 4th quarter. Optiver Holding B.V. now owns 229 shares of the aerospace company's stock valued at $290,000 after acquiring an additional 172 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Transdigm Group by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 38,273 shares of the aerospace company's stock worth $48,503,000 after purchasing an additional 375 shares during the period. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

TDG has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of 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. Wells Fargo & Company increased their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial increased their price objective on shares of 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. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, KeyCorp reduced their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Price Performance

NYSE TDG traded up $2.71 on Friday, hitting $1,400.77. The stock had a trading volume of 311,909 shares, compared to its average volume of 291,902. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The business's fifty day moving average price is $1,496.57 and its 200 day moving average price is $1,417.46. The stock has a market cap of $78.93 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07.

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 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 analysts' expectations of $2.29 billion. During the same quarter last year, the firm earned $9.00 earnings per share. 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. As a group, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insider Buying and Selling at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the sale, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,932 shares of company stock valued at $96,378,273. Company insiders own 4.09% of the company's stock.

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.