Transdigm Group Incorporated $TDG Shares Acquired by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in Transdigm Group by 23.8% during Q1, owning 38,795 shares valued at $53.7 million.
• Research analysts have set a consensus target price of $1,607.57 for Transdigm Group, with several firms adjusting their ratings and price objectives recently.
• Transdigm announced a new special dividend of $90.00 per share, an increase from the previous dividend of $75.00, payable on September 12th.

Focus Partners Wealth boosted its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 23.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,795 shares of the aerospace company's stock after purchasing an additional 7,467 shares during the period. Focus Partners Wealth owned 0.07% of Transdigm Group worth $53,666,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after purchasing an additional 1,240,112 shares during the last quarter. Nuveen LLC acquired a new position in Transdigm Group during the first quarter worth approximately $168,048,000. Bain Capital Public Equity Management II LLC acquired a new position in Transdigm Group during the first quarter worth approximately $157,890,000. Vanguard Group Inc. grew its position in shares of Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Transdigm Group by 32.7% during the first 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. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Stock Performance

Shares of TDG stock traded down $20.91 during mid-day trading on Friday, reaching $1,272.39. 395,960 shares of the company's stock traded hands, compared to its average volume of 384,129. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The firm has a 50 day moving average price of $1,457.03 and a two-hundred day moving average price of $1,416.52. The firm has a market capitalization of $71.70 billion, a PE ratio of 42.23, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last released its 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). The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share 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 $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Wall Street Analyst Weigh In

TDG has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada lowered Transdigm Group from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Morgan Stanley increased their target price on 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. Finally, KeyCorp reduced their target price on 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. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,607.57.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the firm's 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 completion of the transaction, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,232 shares of company stock valued at $23,998,436. 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.