Drake & Associates LLC Makes New Investment in Transdigm Group Incorporated $TDG

Key Points

• Drake & Associates LLC has purchased a new position in Transdigm Group, acquiring 389 shares valued at approximately $592,000 during the second quarter.
• Analysts maintain a positive outlook on Transdigm Group, with multiple upgrades and price target increases, resulting in a consensus rating of "Moderate Buy" and an average price target of $1,588.50.
• Transdigm Group recently declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00, rewarding shareholders as it continues to demonstrate strong revenue growth.

Drake & Associates LLC bought a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 389 shares of the aerospace company's stock, valued at approximately $592,000.

A number of other institutional investors have also made changes to their positions in the business. Nuveen LLC acquired a new stake in Transdigm Group in the 1st quarter valued at about $168,048,000. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Transdigm Group in the first quarter valued at approximately $157,890,000. Vanguard Group Inc. raised its position in Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Transdigm Group by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after buying an additional 67,547 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Transdigm Group in the 2nd quarter valued at $94,085,000. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TDG shares. Citigroup upped their price target 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. The Goldman Sachs Group upped their target price on shares of 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a research report on Saturday, September 27th. UBS Group increased their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,588.50.

Transdigm Group Stock Performance

TDG opened at $1,293.23 on Tuesday. The firm's fifty day moving average is $1,367.57 and its two-hundred day moving average is $1,410.62. The firm has a market cap of $72.87 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 5,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the completion of the sale, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This trade represents a 5.65% 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 worth $29,496,571. Company insiders own 4.09% of the company's stock.

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.