Quantitative Investment Management LLC Takes Position in Transdigm Group Incorporated $TDG

Key Points

• Quantitative Investment Management LLC has acquired a new position in Transdigm Group, purchasing 2,775 shares valued at approximately $3.84 million during the first quarter.
• Transdigm Group recently increased its special dividend to $90.00 per share, up from the previous $75.00, with the payment scheduled for September 12th.
• Despite a miss on earnings expectations for the last quarter, analysts maintain a consensus rating of "Moderate Buy" for Transdigm Group, with several increasing their price targets for the stock.

Quantitative Investment Management LLC purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,775 shares of the aerospace company's stock, valued at approximately $3,838,000.

Several other hedge funds also recently modified their holdings of TDG. Smartleaf Asset Management LLC boosted its stake in Transdigm Group by 8.0% during the first quarter. Smartleaf Asset Management LLC now owns 309 shares of the aerospace company's stock worth $426,000 after acquiring an additional 23 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Transdigm Group by 10.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,712 shares of the aerospace company's stock valued at $7,901,000 after purchasing an additional 526 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Transdigm Group by 140.5% during the first quarter. AlphaQuest LLC now owns 606 shares of the aerospace company's stock valued at $838,000 after purchasing an additional 354 shares during the period. Titan Global Capital Management USA LLC boosted its position in shares of Transdigm Group by 0.8% during the 1st quarter. Titan Global Capital Management USA LLC now owns 22,950 shares of the aerospace company's stock worth $31,747,000 after purchasing an additional 176 shares in the last quarter. Finally, Allstate Corp boosted its position in shares of Transdigm Group by 29.4% during the 1st quarter. Allstate Corp now owns 2,112 shares of the aerospace company's stock worth $2,922,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,127,372. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Tuesday, July 15th. The stock was 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 approximately $33,827,343.28. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,172 shares of company stock worth $93,910,577 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Shares of Transdigm Group stock traded up $23.73 during mid-day trading on Tuesday, hitting $1,413.71. 266,990 shares of the stock were exchanged, compared to its average volume of 415,674. 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 50-day simple moving average of $1,498.03 and a 200 day simple moving average of $1,416.90. The company has a market capitalization of $79.66 billion, a P/E ratio of 46.92, a P/E/G ratio of 2.94 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The business'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. Analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current 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 an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group boosted their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price objective 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. Morgan Stanley upped their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 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. Finally, Wells Fargo & Company boosted their price target on shares of 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. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Transdigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,624.69.

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.