Caxton Associates LLP Purchases Shares of 1,998 Transdigm Group Incorporated $TDG

Key Points

• Caxton Associates LLP acquired 1,998 shares of Transdigm Group, valued at approximately $2.764 million, highlighting renewed institutional interest in the aerospace company.
• Transdigm Group has seen several positive analyst upgrades, with target prices raised by firms such as Morgan Stanley and Goldman Sachs, indicating a bullish sentiment on the stock.
• The company announced a special dividend of $90.00, an increase from the previous $75.00, reaffirming its commitment to returning value to shareholders.

Caxton Associates LLP purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,998 shares of the aerospace company's stock, valued at approximately $2,764,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC grew its position in shares of Transdigm Group by 17.4% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 782 shares of the aerospace company's stock valued at $1,082,000 after buying an additional 116 shares during the last quarter. Voleon Capital Management LP bought a new stake in shares of Transdigm Group in the 1st quarter valued at about $898,000. Everstar Asset Management LLC grew its position in shares of Transdigm Group by 4,221.9% in the 1st quarter. Everstar Asset Management LLC now owns 9,681 shares of the aerospace company's stock valued at $13,392,000 after buying an additional 9,457 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Transdigm Group in the 1st quarter valued at about $346,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock valued at $378,917,000 after buying an additional 67,547 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. Susquehanna upped their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Morgan Stanley upped their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Truist Financial upped their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group upped their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Transactions at Transdigm Group

In other news, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was 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 represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the sale, the director directly owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. This trade 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 sold 66,932 shares of company stock valued at $96,378,273. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

TDG stock opened at $1,272.16 on Monday. The stock's 50 day simple moving average is $1,479.69 and its 200 day simple moving average is $1,418.14. Transdigm Group Incorporated has a fifty-two week low of $1,183.60 and a fifty-two week high of $1,623.82. The company has a market cap of $71.69 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted 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 negative return on equity of 35.27% and a net margin of 20.98%.The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company posted $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. Equities analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share 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 $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

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.

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