Strs Ohio Purchases New Holdings in Transdigm Group Incorporated $TDG

Key Points

• Strs Ohio has acquired 58,177 shares of Transdigm Group, valued at approximately $80.48 million, resulting in ownership of about 0.10% of the company as of their latest SEC filing.
• Transdigm Group announced a special dividend of $90.00 per share, an increase from the prior special dividend of $75.00, set to be paid on September 12th.
• The company recently reported earnings per share of $9.60 for the quarter, missing estimates, with revenue reaching $2.24 billion, up 9.3% from the previous year.

Strs Ohio acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,177 shares of the aerospace company's stock, valued at approximately $80,476,000. Strs Ohio owned 0.10% of Transdigm Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its stake in Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC raised its stake 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 acquiring an additional 7 shares during the period. Saudi Central Bank acquired a new stake in Transdigm Group during the first quarter worth about $30,000. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the fourth quarter worth about $32,000. Finally, Wayfinding Financial LLC acquired a new stake in Transdigm Group during the first quarter worth about $75,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of Transdigm Group stock traded down $20.91 on Friday, hitting $1,272.39. The company had a trading volume of 395,960 shares, compared to its average volume of 384,129. The business has a 50-day simple moving average of $1,457.03 and a 200-day simple moving average of $1,416.52. The company has a market cap of $71.70 billion, a PE ratio of 42.23, a PEG ratio of 2.73 and a beta of 1.03. 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 posted its quarterly earnings data 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). The company 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 company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued 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.

Wall Street Analyst Weigh In

TDG has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Citigroup upped their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. UBS Group upped their target price 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. Finally, Susquehanna upped their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insider Buying and Selling

In related news, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the sale, the director directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the sale, the chief operating officer owned 3,600 shares of the company's stock, 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. Over the last ninety days, insiders sold 16,232 shares of company stock worth $23,998,436. Corporate insiders own 4.09% of the company's stock.

Transdigm Group 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.