TenCore Partners LP Buys Shares of 206 Transdigm Group Incorporated $TDG

Key Points

• TenCore Partners LP purchased 206 shares of Transdigm Group, valued at approximately $285,000, marking it as the fund's 12th largest holding.
• Transdigm Group announced a special dividend of $90.00, up from a previous $75.00, to be paid on September 12th.
• The company's stock price experienced a slight decline of 0.8% and has a current market cap of $71.69 billion with a P/E ratio of 42.22.

TenCore Partners LP bought a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 206 shares of the aerospace company's stock, valued at approximately $285,000. Transdigm Group makes up approximately 0.1% of TenCore Partners LP's holdings, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC lifted its stake in 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 in the last quarter. Winch Advisory Services LLC lifted its stake in 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 buying an additional 7 shares in the last quarter. Saudi Central Bank purchased a new stake in Transdigm Group in the 1st quarter valued at approximately $30,000. Park Square Financial Group LLC purchased a new stake in Transdigm Group in the 4th quarter valued at approximately $32,000. Finally, Wayfinding Financial LLC purchased a new stake in Transdigm Group in the 1st quarter valued at approximately $75,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the 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 sale, the chief operating officer owned 3,600 shares in the company, valued at $5,061,852. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the sale, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This trade represents a 47.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock valued at $31,255,316 in the last 90 days. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Stock Up 1.5%

Shares of TDG stock traded up $19.14 on Tuesday, reaching $1,312.38. 688,334 shares of the stock were exchanged, compared to its average volume of 351,941. The stock has a market cap of $73.95 billion, a P/E ratio of 43.56, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. The firm has a 50 day moving average of $1,471.09 and a two-hundred day moving average of $1,417.41. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company 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 EPS 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. The ex-dividend date is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday, August 8th. UBS Group boosted their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target 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. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Susquehanna boosted their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,607.57.

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.