New England Research & Management Inc. Sells 230 Shares of Transdigm Group Incorporated $TDG

Key Points

• New England Research & Management Inc. reduced its holdings in Transdigm Group by 28.6%, selling 230 shares to own a total of 575 shares worth approximately $874,000.
• Transdigm Group has received mixed analyst ratings, with a consensus of "Moderate Buy" and a target price around $1,607.57, with some analysts adjusting their ratings and targets in recent months.
• The company recently declared a special dividend of $90.00 per share, an increase from the previous special dividend of $75.00.

New England Research & Management Inc. lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 28.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 575 shares of the aerospace company's stock after selling 230 shares during the quarter. New England Research & Management Inc.'s holdings in Transdigm Group were worth $874,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its holdings in shares of Transdigm Group by 111.1% in 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 last quarter. Winch Advisory Services LLC increased its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares during the last quarter. Saudi Central Bank acquired a new position in Transdigm Group during the first quarter worth approximately $30,000. Park Square Financial Group LLC acquired a new position in Transdigm Group during the fourth quarter worth approximately $32,000. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group during the first quarter worth approximately $75,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $1,550.00 to $1,385.00 in a research report on Monday, September 8th. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley increased 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. Finally, UBS Group lifted their price objective on 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. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insider Activity

In other news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,496 shares of company stock worth $20,047,433. 4.09% of the stock is currently owned by corporate insiders.

Transdigm Group Trading Up 1.4%

NYSE:TDG opened at $1,289.53 on Tuesday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a market cap of $72.66 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. The company has a 50 day simple moving average of $1,452.37 and a two-hundred day simple moving average of $1,416.44.

Transdigm Group (NYSE:TDG - Get Free Report) last issued 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 net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $9.00 EPS. The company's 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. Research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

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.

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