Interval Partners LP Makes New Investment in Transdigm Group Incorporated $TDG

Key Points

• Interval Partners LP acquired 5,404 shares of Transdigm Group, valued at approximately $7.475 million, marking a significant investment in the aerospace company.
• Transdigm Group reported a negative return on equity of 35.27% for the last quarter, alongside a revenue of $2.24 billion, which was below analyst estimates.
• The company declared a special dividend of $90.00, up from the previous $75.00, to be paid out on September 12th to investors of record as of September 2nd.

Interval Partners LP acquired a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,404 shares of the aerospace company's stock, valued at approximately $7,475,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of Transdigm Group in the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC acquired a new stake in Transdigm Group during the 1st quarter worth $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Transdigm Group by 4.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after acquiring an additional 380 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Transdigm Group by 5.4% during the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock worth $143,952,000 after acquiring an additional 5,369 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in Transdigm Group during the 1st quarter worth $263,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Trading Down 0.8%

Shares of NYSE:TDG traded down $9.65 during midday trading on Friday, hitting $1,272.16. The stock had a trading volume of 489,982 shares, compared to its average volume of 338,716. The company has a market capitalization of $71.69 billion, a PE ratio of 42.22, a P/E/G ratio of 2.69 and a beta of 1.03. The stock has a 50 day moving average price of $1,479.69 and a two-hundred day moving average price of $1,418.14. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

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 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 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 revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed 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. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TDG. KeyCorp cut their price target 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. Susquehanna lifted their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group lifted their price target on shares of 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. Citigroup raised their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus assumed coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Insider Activity

In related news, Director Michael Graff sold 1,760 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director owned 1,964 shares of the company's stock, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director directly owned 88,419 shares in the company, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,932 shares of company stock valued at $96,378,273 in the last quarter. 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.