State of Alaska Department of Revenue Decreases Stock Position in Transdigm Group Incorporated $TDG

Key Points

• The State of Alaska Department of Revenue has reduced its stock position in Transdigm Group by 3.8%, owning 6,320 shares valued at approximately $9.61 million after selling 250 shares.
• Wall Street analysts remain optimistic, with several firms increasing their price targets for Transdigm Group, resulting in an average rating of "Moderate Buy" and a price target of about $1,599.73.
• Transdigm Group recently announced a special dividend of $90.00 per share, up from a previous special dividend of $75.00, indicating strong financial confidence.

State of Alaska Department of Revenue decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,320 shares of the aerospace company's stock after selling 250 shares during the period. State of Alaska Department of Revenue's holdings in Transdigm Group were worth $9,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC raised its holdings in shares of Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the last quarter. Saudi Central Bank acquired a new stake in Transdigm Group during the 1st quarter worth $30,000. Park Square Financial Group LLC grew its position in Transdigm Group by 36.0% in the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after buying an additional 9 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Transdigm Group in the first quarter worth $75,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna increased their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group boosted their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Citigroup upped their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Jefferies Financial Group decreased their target price on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of 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. Ten 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 an average rating of "Moderate Buy" and an average target price of $1,599.73.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 5,000 shares of the firm's stock in a transaction 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 transaction, the director owned 83,419 shares in the company, valued at $106,524,394.62. This trade represents a 5.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred on 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 sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock valued at $29,496,571 over the last ninety days. Company insiders own 4.09% of the company's stock.

Transdigm Group Trading Up 0.6%

Shares of TDG stock opened at $1,297.46 on Friday. The firm's fifty day moving average price is $1,403.41 and its two-hundred day moving average price is $1,412.48. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82. The firm has a market capitalization of $73.11 billion, a P/E ratio of 43.06, a PEG ratio of 2.74 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results 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). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders 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 boost from Transdigm Group's previous special dividend of $75.00.

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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