Transdigm Group Incorporated $TDG Shares Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Transdigm Group by 16.9%, now owning approximately $25 million worth of shares.
• Transdigm Group's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target set at $1,564.56.
• The company recently announced a special dividend of $90.00 per share, up from a previous $75.00 per share dividend, reflecting strong financial performance.

Allspring Global Investments Holdings LLC lifted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,536 shares of the aerospace company's stock after purchasing an additional 2,389 shares during the period. Allspring Global Investments Holdings LLC's holdings in Transdigm Group were worth $25,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 7 shares during the last quarter. Saudi Central Bank acquired a new position in shares of Transdigm Group during the 1st quarter worth approximately $30,000. Park Square Financial Group LLC lifted its holdings in Transdigm Group by 36.0% in the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after acquiring an additional 9 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Transdigm Group in the second quarter valued at approximately $47,000. Finally, Hilltop National Bank acquired a new position in Transdigm Group in the second quarter valued at approximately $71,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on TDG shares. Susquehanna decreased their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Transdigm Group in a report on Wednesday, October 8th. Truist Financial decreased their price objective on Transdigm Group from $1,730.00 to $1,647.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,564.56.

Transdigm Group Stock Up 0.9%

NYSE:TDG opened at $1,249.01 on Friday. The stock's fifty day moving average is $1,326.37 and its two-hundred day moving average is $1,404.28. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 2.81 and a beta of 1.02.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company earned $9.00 earnings per share. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business 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.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the sale, the director owned 21,548 shares of the company's stock, valued at approximately $27,988,050.76. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total value of $6,384,900.00. Following the sale, the director directly owned 83,419 shares in the company, valued at $106,524,394.62. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock worth $28,755,142 over the last ninety days. Insiders own 4.09% of the company's stock.

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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