Transdigm Group Incorporated $TDG Position Increased by Comerica Bank

Key Points

• Comerica Bank increased its stake in Transdigm Group by 3.3% during the first quarter, bringing its holdings to 18,442 shares valued at approximately $25.5 million.
• Several research firms have raised their price targets for Transdigm Group, with Goldman Sachs setting a new target of $1,709 and nine analysts rating the stock as a "Buy".
• Transdigm Group announced a special dividend increase from $75 to $90 per share, set to be paid on September 12th.

Comerica Bank raised its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,442 shares of the aerospace company's stock after acquiring an additional 595 shares during the quarter. Comerica Bank's holdings in Transdigm Group were worth $25,511,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Bruce G. Allen Investments LLC increased 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 worth $26,000 after acquiring an additional 10 shares during the last quarter. Winch Advisory Services LLC boosted its position in Transdigm Group by 53.8% in the 1st 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 period. Park Square Financial Group LLC acquired a new stake in Transdigm Group in the 4th quarter valued at about $32,000. Wayfinding Financial LLC purchased a new position in Transdigm Group in the first quarter worth approximately $75,000. Finally, CVA Family Office LLC increased its holdings in Transdigm Group by 123.1% in the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Up 0.3%

Shares of Transdigm Group stock traded up $3.91 on Thursday, reaching $1,398.95. 426,963 shares of the stock were exchanged, compared to its average volume of 291,783. The firm has a market capitalization of $78.83 billion, a PE ratio of 46.43, a PEG ratio of 2.99 and a beta of 1.07. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The business has a fifty day moving average price of $1,497.39 and a two-hundred day moving average price of $1,417.20.

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 analysts' consensus estimates 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 period last year, the business posted $9.00 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Research 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 will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $90.00 dividend. This is a positive change from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

Insiders Place Their Bets

In other Transdigm Group news, CFO Sarah Wynne sold 3,200 shares of the company's 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 completion of the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,937,310. This represents a 48.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 2,736 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,932 shares of company stock valued at $96,378,273. Insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target 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. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. 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 note on Monday, July 14th. Truist Financial increased their price objective on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, UBS Group lifted their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

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.