Gotham Asset Management LLC Purchases 1,351 Shares of Transdigm Group Incorporated $TDG

Key Points

• Gotham Asset Management LLC increased its stake in Transdigm Group by 7.6%, acquiring 1,351 shares in the first quarter, bringing its total holdings to 19,169 shares valued at approximately $26.5 million.
• A significant percentage, 95.78%, of Transdigm Group's stock is owned by institutional investors, indicating strong investor confidence in the aerospace company.
• Transdigm Group recently declared a special dividend of $90.00, an increase from the previous special dividend of $75.00, set to be paid to shareholders on September 12th.

Gotham Asset Management LLC grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 7.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,169 shares of the aerospace company's stock after acquiring an additional 1,351 shares during the quarter. Gotham Asset Management LLC's holdings in Transdigm Group were worth $26,516,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TDG. Winch Advisory Services LLC grew its stake in Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Rothschild Investment LLC grew its stake in Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 8 shares in the last quarter. Balefire LLC grew its stake in Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after purchasing an additional 8 shares in the last quarter. New Republic Capital LLC grew its stake in Transdigm Group by 4.6% in the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in Transdigm Group by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TDG shares. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday. KeyCorp decreased their price target 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. Citigroup upped their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group upped their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,607.57.

Transdigm Group Price Performance

Shares of TDG traded up $21.95 during mid-day trading on Monday, reaching $1,292.99. The company had a trading volume of 630,409 shares, compared to its average volume of 338,716. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company's 50-day moving average is $1,475.10 and its 200-day moving average is $1,418.15. The company has a market capitalization of $72.86 billion, a P/E ratio of 42.91, a P/E/G ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) 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 company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company posted $9.00 earnings per share. The company's quarterly revenue 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 expect 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 will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Insider Activity

In related news, Director W Nicholas Howley sold 2,736 shares of the firm's 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 directly owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director directly owned 1,964 shares of the company's stock, valued at $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,932 shares of company stock worth $96,378,273. 4.09% of the stock is currently owned by 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.