Transdigm Group Incorporated $TDG Shares Acquired by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its stake in Transdigm Group by 16.5%, holding 5,725 shares valued at approximately $8.7 million after acquiring additional shares during the second quarter.
• Transdigm Group reported earnings of $9.60 per share for the last quarter, missing estimates, and revealed a revenue of $2.24 billion, which was below expectations.
• The company recently declared a special dividend of $90.00 per share, up from a previous dividend of $75.00, reflecting its strong financial position.

Phoenix Financial Ltd. increased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,725 shares of the aerospace company's stock after acquiring an additional 809 shares during the period. Phoenix Financial Ltd.'s holdings in Transdigm Group were worth $8,706,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC raised its stake in shares of 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 acquiring an additional 7 shares in the last quarter. Saudi Central Bank acquired a new stake in Transdigm Group in the first quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new stake in Transdigm Group in the second quarter valued at $47,000. Park Square Financial Group LLC raised its stake 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 buying an additional 9 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Transdigm Group in the second quarter valued at $71,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Stock Performance

Shares of TDG stock opened at $1,303.54 on Tuesday. The stock's 50-day moving average is $1,321.73 and its two-hundred day moving average is $1,404.15. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.95 and a beta of 1.02. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued 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). The firm had revenue of $2.24 billion for 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 business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were issued 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 related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 directly owned 1,964 shares in the company, valued at approximately $2,753,724.40. This represents a 47.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,232 shares of company stock worth $23,961,562. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDG. The Goldman Sachs Group raised their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley cut their price target on Transdigm Group from $1,750.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 15th. BMO Capital Markets began coverage on Transdigm Group in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $1,420.00 price target on the stock. UBS Group raised their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,564.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.