Transdigm Group Incorporated $TDG is Everstar Asset Management LLC's 8th Largest Position

Key Points

• Everstar Asset Management LLC significantly increased its holdings in Transdigm Group, raising its investment by 4,221.9% and making it the fund's 8th largest position.
• Transdigm recently announced a special dividend of $90.00, an increase from the previous $75.00 dividend, to be distributed on September 12th.
• The aerospace company reported quarterly earnings of $9.60 EPS, missing estimates, while simultaneously guiding for a future EPS range of 36.330-37.150.

Everstar Asset Management LLC boosted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4,221.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,681 shares of the aerospace company's stock after acquiring an additional 9,457 shares during the quarter. Transdigm Group accounts for about 2.5% of Everstar Asset Management LLC's investment portfolio, making the stock its 8th largest position. Everstar Asset Management LLC's holdings in Transdigm Group were worth $13,392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after buying an additional 89,121 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after buying an additional 1,240,112 shares during the last quarter. Windacre Partnership LLC grew its stake in shares of Transdigm Group by 3.6% during the fourth quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after buying an additional 25,997 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Transdigm Group by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock worth $504,840,000 after buying an additional 14,703 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Transdigm Group by 24.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after acquiring an additional 67,151 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the transaction, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction dated Thursday, June 12th. The shares were 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 directly owned 3,400 shares in the company, valued at approximately $4,937,310. The trade was a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,932 shares of company stock valued at $96,378,273 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 0.8%

TDG opened at $1,272.16 on Monday. The stock has a market capitalization of $71.69 billion, a price-to-earnings ratio of 42.22, a PEG ratio of 2.69 and a beta of 1.03. The firm has a 50 day moving average price of $1,479.69 and a 200-day moving average price of $1,418.14. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82.

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 the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The business also recently announced 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 of this dividend is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Analyst Ratings Changes

A number of equities analysts have commented on TDG shares. Susquehanna lifted their price target 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. upped their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. KeyCorp cut their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group boosted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley increased their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

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.

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