Federation des caisses Desjardins du Quebec Raises Holdings in Transdigm Group Incorporated $TDG

Key Points

• Federation des caisses Desjardins du Quebec has increased its stake in Transdigm Group by 20.1%, now owning shares worth approximately $2.53 million.
• Transdigm Group announced a special dividend of $90.00 per share, to be paid to shareholders of record, up from the previous special dividend of $75.00.
• Analysts have raised their price targets for Transdigm Group, with Citigroup setting a new target at $1,795.00 while maintaining a "buy" rating.

Federation des caisses Desjardins du Quebec raised its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,831 shares of the aerospace company's stock after acquiring an additional 306 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Transdigm Group were worth $2,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Perbak Capital Partners LLP acquired a new position in shares of Transdigm Group during the 1st quarter worth about $596,000. Graham Capital Management L.P. boosted its position in shares of Transdigm Group by 166.2% in the 1st quarter. Graham Capital Management L.P. now owns 615 shares of the aerospace company's stock valued at $851,000 after purchasing an additional 384 shares during the period. MAI Capital Management boosted its position in shares of Transdigm Group by 9.7% in the 1st quarter. MAI Capital Management now owns 576 shares of the aerospace company's stock valued at $796,000 after purchasing an additional 51 shares during the period. Cura Wealth Advisors LLC acquired a new stake in shares of Transdigm Group in the 1st quarter valued at about $336,000. Finally, Quarry LP boosted its position in shares of Transdigm Group by 10.1% in the 1st quarter. Quarry LP now owns 152 shares of the aerospace company's stock valued at $210,000 after purchasing an additional 14 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the sale, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,232 shares of company stock valued at $31,255,316. Company insiders own 4.09% of the company's stock.

Transdigm Group Stock Up 1.5%

NYSE TDG traded up $19.14 during mid-day trading on Tuesday, hitting $1,312.38. The stock had a trading volume of 688,334 shares, compared to its average volume of 351,941. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82. The company has a market cap of $73.95 billion, a price-to-earnings ratio of 43.56, a P/E/G ratio of 2.73 and a beta of 1.03. The company has a 50 day simple moving average of $1,471.09 and a 200 day simple moving average of $1,417.41.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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 net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the business earned $9.00 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TDG shares. 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. The Goldman Sachs Group upped their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. KeyCorp reduced 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. Susquehanna upped their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company 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 note on Thursday, August 7th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,607.57.

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.