AQR Capital Management LLC Reduces Stake in Transdigm Group Incorporated $TDG

Key Points

• AQR Capital Management LLC reduced its stake in Transdigm Group by 0.7%, now holding approximately 34,015 shares valued at around $47 million.
• **Insider sales** included CFO Sarah Wynne and Director W. Nicholas Howley selling shares, with Wynne's transaction representing a 34.62% decrease in her position.
• Analysts have shown optimism, with several firms raising their price targets for Transdigm Group stock, resulting in an average target of **$1,624.69** and a rating of "Moderate Buy."

AQR Capital Management LLC lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,015 shares of the aerospace company's stock after selling 241 shares during the period. AQR Capital Management LLC owned approximately 0.06% of Transdigm Group worth $47,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC lifted its stake 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 purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares in the last quarter. Saudi Central Bank acquired a new position in Transdigm Group during the 1st quarter worth about $30,000. Park Square Financial Group LLC acquired a new position in Transdigm Group during the 4th quarter worth about $32,000. Finally, Wayfinding Financial LLC acquired a new position in Transdigm Group during the 1st quarter worth about $75,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In other news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. The trade was a 47.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,232 shares of company stock worth $31,255,316. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research reports. Susquehanna increased their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on 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. KeyCorp decreased their target price on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, The Goldman Sachs Group increased their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,607.57.

Transdigm Group Price Performance

Shares of TDG stock traded up $19.14 during trading hours on Tuesday, reaching $1,312.38. 688,334 shares of the stock were exchanged, compared to its average volume of 351,941. The business's fifty day moving average is $1,471.09 and its two-hundred day moving average is $1,417.41. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The firm has a market capitalization of $73.95 billion, a P/E ratio of 43.56, a P/E/G ratio of 2.73 and a beta of 1.03.

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 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 analysts' expectations of $2.29 billion. During the same quarter in the previous year, the company posted $9.00 earnings per share. The firm's quarterly 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. As a group, 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 disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders 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.

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.