Exchange Traded Concepts LLC Purchases 2,060 Shares of Transdigm Group Incorporated $TDG

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in Transdigm Group by 1,872.7%, owning 2,170 shares valued at approximately $3.3 million as of the latest quarter.
• Transdigm Group's recent earnings report showed a quarterly revenue of $2.24 billion, which fell short of analysts' expectations, with EPS of $9.60 compared to the consensus estimate of $9.75.
• The company declared a special dividend of $90.00 per share, a notable increase from the previous special dividend of $75.00, payable to stockholders of record on September 2nd.

Exchange Traded Concepts LLC grew its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1,872.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,170 shares of the aerospace company's stock after purchasing an additional 2,060 shares during the period. Exchange Traded Concepts LLC's holdings in Transdigm Group were worth $3,300,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Winch Advisory Services LLC increased its stake in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Transdigm Group by 2.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 257 shares of the aerospace company's stock worth $391,000 after buying an additional 7 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after acquiring an additional 8 shares during the period. Balefire LLC grew its position in shares of Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after purchasing an additional 8 shares in the last quarter. Finally, New Republic Capital LLC increased its stake in Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after acquiring an additional 8 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $1,282.47, for a total value of $3,508,837.92. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at $27,634,663.56. This represents a 11.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 5,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the sale, the director owned 83,419 shares of the company's stock, 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 have sold 18,232 shares of company stock valued at $25,668,361 over the last quarter. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on TDG. Citigroup upped their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Susquehanna upped their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. KeyCorp decreased their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Jefferies Financial Group lowered their price objective on shares of Transdigm Group from $1,650.00 to $1,490.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,599.73.

Transdigm Group Trading Down 0.4%

NYSE TDG traded down $4.68 on Friday, hitting $1,281.44. 520,191 shares of the company were exchanged, compared to its average volume of 368,267. The stock has a fifty day moving average of $1,432.10 and a 200-day moving average of $1,414.25. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a market cap of $72.21 billion, a PE ratio of 42.53, a PEG ratio of 2.71 and a beta of 1.03.

Transdigm Group (NYSE:TDG - Get Free Report) last issued 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 company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company earned $9.00 EPS. Transdigm Group'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. On average, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given a dividend of $90.00 per share. The ex-dividend date of this dividend was 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.