Transdigm Group Incorporated $TDG Position Increased by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV has increased its stock position in Transdigm Group by 16.1%, bringing its total holdings to 17,231 shares valued at approximately $23.8 million.
• Several other institutional investors, including Vontobel Holding and Dynamic Advisor Solutions, have also initiated or increased their stakes in Transdigm Group during the first quarter.
• The company recently announced a special dividend of $90.00, which is an increase from the previous special dividend of $75.00, to be paid on September 12th.

Nissay Asset Management Corp Japan ADV boosted its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 16.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,231 shares of the aerospace company's stock after purchasing an additional 2,385 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Transdigm Group were worth $23,835,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transdigm Group by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,866 shares of the aerospace company's stock valued at $8,114,000 after purchasing an additional 246 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Transdigm Group by 39.4% in the first quarter. Integrated Wealth Concepts LLC now owns 916 shares of the aerospace company's stock valued at $1,268,000 after purchasing an additional 259 shares during the period. Interval Partners LP purchased a new stake in Transdigm Group in the first quarter valued at approximately $7,475,000. Gotham Asset Management LLC grew its holdings in Transdigm Group by 7.6% in the first quarter. Gotham Asset Management LLC now owns 19,169 shares of the aerospace company's stock valued at $26,516,000 after purchasing an additional 1,351 shares during the period. Finally, Concentric Capital Strategies LP acquired a new position in Transdigm Group during the first quarter valued at approximately $238,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDG. Susquehanna lifted their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial lifted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus began 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 target on the stock. Finally, KeyCorp reduced 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 report on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group Stock Down 0.8%

Shares of NYSE TDG traded down $9.65 during trading on Friday, reaching $1,272.16. 489,982 shares of the stock were exchanged, compared to its average volume of 338,716. The business's 50-day moving average price is $1,479.69 and its 200 day moving average price is $1,418.14. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company has a market capitalization of $71.69 billion, a price-to-earnings ratio of 42.22, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the firm posted $9.00 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts expect 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 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 of this dividend is Tuesday, September 2nd.

Insider Transactions at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on 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 completion of the sale, the director directly owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,932 shares of company stock valued at $96,378,273 over the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

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.