Alliancebernstein L.P. Increases Stock Holdings in Transdigm Group Incorporated $TDG

Key Points

• Alliancebernstein L.P. increased its stake in Transdigm Group by 0.4%, owning 58,883 shares worth approximately $81.45 million at the end of the latest quarter.
• The company recently announced a special dividend of $90.00, up from the previous $75.00, to be paid to investors of record.
• Transdigm Group's stock has a market cap of $71.69 billion and a P/E ratio of 42.22, with analysts rating it as a "Moderate Buy" with an average target price of $1,624.69.

Alliancebernstein L.P. grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,883 shares of the aerospace company's stock after purchasing an additional 218 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of Transdigm Group worth $81,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vontobel Holding Ltd. purchased a new stake in Transdigm Group during the first quarter valued at about $387,000. Dynamic Advisor Solutions LLC acquired a new position in Transdigm Group during the first quarter valued at approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after acquiring an additional 380 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Transdigm Group by 5.4% in the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock worth $143,952,000 after acquiring an additional 5,369 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Transdigm Group in the first quarter worth $263,000. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TDG shares. Stifel Nicolaus assumed coverage on Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. Susquehanna boosted their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, JPMorgan Chase & Co. boosted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,607.57.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,061,852. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. This represents a 34.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,232 shares of company stock worth $31,255,316. Insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

NYSE:TDG traded up $19.14 during trading hours on Tuesday, hitting $1,312.38. The company's stock had a trading volume of 688,334 shares, compared to its average volume of 351,941. The company has a market capitalization of $73.95 billion, a P/E ratio of 43.56, a PEG ratio of 2.73 and a beta of 1.03. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The stock has a fifty day simple moving average of $1,471.09 and a 200-day simple moving average of $1,417.41.

Transdigm Group (NYSE:TDG - Get Free Report) last posted 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm earned $9.00 earnings per share. Transdigm Group's 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. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid 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.