Transdigm Group Incorporated $TDG Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Transdigm Group Incorporated by 81.3% in the second quarter, now holding 446 shares valued at approximately $678,000.
• Transdigm Group reported a quarterly earnings per share of $9.60, which fell short of the consensus estimate, while revenue increased by 9.3% year-over-year to $2.24 billion.
• The company announced a special dividend of $90.00, boosting it from a previous dividend of $75.00, highlighting their commitment to returning value to shareholders.

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 81.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446 shares of the aerospace company's stock after buying an additional 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Transdigm Group were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bruce G. Allen Investments LLC boosted its stake in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC boosted its position in Transdigm Group by 53.8% in the 1st 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. Saudi Central Bank acquired a new position in shares of Transdigm Group during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new position in shares of Transdigm Group during the 4th quarter worth approximately $32,000. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group in the 1st quarter valued at $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Stock Performance

Transdigm Group stock traded down $4.68 during midday trading on Friday, reaching $1,281.44. 520,191 shares of the company's stock were exchanged, compared to its average volume of 354,813. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The firm has a market cap of $72.21 billion, a price-to-earnings ratio of 42.53, a P/E/G ratio of 2.71 and a beta of 1.03. The stock's 50-day simple moving average is $1,432.10 and its 200 day simple moving average is $1,413.77.

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 (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 for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $9.00 EPS. Transdigm Group's revenue for the quarter was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $90.00 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the transaction, the director owned 21,548 shares in the company, valued at approximately $27,634,663.56. The trade was a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,232 shares of company stock valued at $25,668,361. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a report on Wednesday. Morgan Stanley lifted 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. The Goldman Sachs Group upped their target price 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. JPMorgan Chase & Co. increased their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Truist Financial raised their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,599.73.

Transdigm Group Company 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.