Mainstay Capital Management LLC ADV Purchases 2,225 Shares of Transdigm Group Incorporated $TDG

Key Points

• Mainstay Capital Management LLC ADV increased its holdings in Transdigm Group by 103.6% during the second quarter, owning 4,372 shares after purchasing an additional 2,225 shares.
• Transdigm Group recently declared a special dividend of $90.00, up from the previous special dividend of $75.00, indicating strong financial performance.
• Equities analysts have a consensus rating of "Moderate Buy" for Transdigm Group, with a consensus price target of $1,588.50, reflecting positive market sentiment.

Mainstay Capital Management LLC ADV raised its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 103.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,372 shares of the aerospace company's stock after purchasing an additional 2,225 shares during the quarter. Transdigm Group accounts for approximately 0.3% of Mainstay Capital Management LLC ADV's investment portfolio, making the stock its 20th biggest position. Mainstay Capital Management LLC ADV's holdings in Transdigm Group were worth $6,648,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in Transdigm Group in the 1st quarter valued at approximately $168,048,000. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Transdigm Group during the 1st quarter valued at $157,890,000. Vanguard Group Inc. grew its position in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after acquiring an additional 89,121 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after purchasing an additional 67,547 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Transdigm Group in the second quarter valued at about $94,085,000. Institutional investors own 95.78% of the company's stock.

Insider Activity

In other Transdigm Group news, Director Michael Graff sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This represents a 47.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $1,276.07, for a total value of $3,828,210.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,232 shares of company stock valued at $29,496,571 in the last three months. Corporate insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a research report on Wednesday. UBS Group raised their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Susquehanna increased their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Truist Financial upped 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. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,588.50.

Transdigm Group Stock Performance

NYSE:TDG opened at $1,285.33 on Thursday. The firm has a market capitalization of $72.43 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 2.32 and a beta of 1.02. The stock has a fifty day moving average of $1,354.46 and a 200 day moving average of $1,408.89. 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 issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the firm posted $9.00 EPS. The firm'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. Equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

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.

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