Transdigm Group Incorporated $TDG Shares Sold by Anchor Investment Management LLC

Key Points

• Anchor Investment Management LLC has significantly reduced its position in Transdigm Group, selling 783 shares and holding only 44 shares at the end of the first quarter.
• Transdigm Group announced a special $90.00 dividend to be paid on September 12, up from the previous special dividend of $75.00.
• Despite facing a slight earnings miss in its latest quarterly results, Transdigm reported a 9.3% year-over-year revenue increase, reaching $2.24 billion.

Anchor Investment Management LLC cut its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 94.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44 shares of the aerospace company's stock after selling 783 shares during the period. Anchor Investment Management LLC's holdings in Transdigm Group were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 position in Transdigm Group by 53.8% in the first 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 during the last quarter. Saudi Central Bank purchased a new position in Transdigm Group during the first quarter worth about $30,000. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the fourth quarter valued at about $32,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Transdigm Group during the first quarter valued at about $75,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Trading Down 1.6%

TDG traded down $20.91 on Friday, hitting $1,272.39. 395,960 shares of the company were exchanged, compared to its average volume of 379,109. The firm has a 50-day moving average price of $1,457.03 and a two-hundred day moving average price of $1,416.99. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company has a market cap of $71.70 billion, a price-to-earnings ratio of 42.23, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last announced 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). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. This is an increase from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend was Tuesday, September 2nd.

Analysts Set New Price Targets

A number of research firms recently weighed in on TDG. JPMorgan Chase & Co. increased their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target for the company. Morgan Stanley boosted their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. UBS Group raised their target price 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. Finally, Susquehanna boosted their price target on shares of 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. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the transaction, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction on 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 sale, the director owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,232 shares of company stock worth $23,998,436. Corporate insiders own 4.09% of the company's stock.

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.