BI Asset Management Fondsmaeglerselskab A S Trims Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Transdigm Group by 39.5%, owning 2,068 shares worth approximately $2.86 million after selling 1,349 shares in the first quarter.
• Several hedge funds, including Jump Financial LLC and NewEdge Advisors LLC, adjusted their positions in Transdigm Group, indicating ongoing interest among institutional investors.
• Transdigm Group recently increased its special dividend to $90.00 per share, up from the previous $75.00, reflecting positive financial performance despite a slight earnings miss.

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 39.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,068 shares of the aerospace company's stock after selling 1,349 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Transdigm Group were worth $2,861,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TDG. Jump Financial LLC purchased a new position in Transdigm Group during the 4th quarter valued at about $350,000. NewEdge Advisors LLC lifted its holdings in shares of Transdigm Group by 4.5% in the fourth quarter. NewEdge Advisors LLC now owns 1,489 shares of the aerospace company's stock worth $1,887,000 after buying an additional 64 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Transdigm Group by 5.8% in the fourth quarter. First Trust Advisors LP now owns 32,480 shares of the aerospace company's stock valued at $41,161,000 after acquiring an additional 1,775 shares during the period. Dimensional Fund Advisors LP grew its stake in Transdigm Group by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,869 shares of the aerospace company's stock valued at $182,344,000 after acquiring an additional 4,141 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Transdigm Group by 5.8% during the fourth quarter. MML Investors Services LLC now owns 5,521 shares of the aerospace company's stock valued at $6,997,000 after acquiring an additional 301 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TDG. JPMorgan Chase & Co. raised their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. KeyCorp dropped their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Truist Financial upped their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Stifel Nicolaus initiated coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

Transdigm Group Trading Up 0.2%

TDG opened at $1,400.8910 on Thursday. The stock has a market capitalization of $78.94 billion, a P/E ratio of 46.49, a PEG ratio of 2.95 and a beta of 1.07. The stock has a 50-day moving average price of $1,500.42 and a 200-day moving average price of $1,413.85. 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 posted its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS 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 period last year, the business posted $9.00 earnings per share. The company's 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 research 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. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 45,700 shares of the firm's 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 owned 88,419 shares of the company's stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,172 shares of company stock valued at $93,910,577 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

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.

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