Korea Investment CORP Sells 2,098 Shares of Transdigm Group Incorporated $TDG

Key Points

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Korea Investment CORP lowered its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,959 shares of the aerospace company's stock after selling 2,098 shares during the quarter. Korea Investment CORP owned about 0.06% of Transdigm Group worth $48,358,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC boosted 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 worth $28,000 after purchasing an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Transdigm Group in the fourth quarter worth $32,000. Wayfinding Financial LLC acquired a new position in Transdigm Group in the first quarter worth $75,000. Finally, CVA Family Office LLC boosted its stake in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,061,852. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,172 shares of company stock valued at $93,910,577 over the last ninety days. 4.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TDG shares. Morgan Stanley upped their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wells Fargo & Company upped their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna upped their price target 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 target 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 four have given a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Stock Up 1.0%

NYSE TDG traded up $13.8020 on Friday, reaching $1,406.9420. The company had a trading volume of 251,126 shares, compared to its average volume of 292,039. The stock's 50 day moving average is $1,498.97 and its 200-day moving average is $1,414.83. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of 46.70, a PEG ratio of 2.96 and a beta of 1.07. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts forecast 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 $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date is Tuesday, September 2nd.

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.