Vident Advisory LLC Has $8.02 Million Holdings in Transdigm Group Incorporated $TDG

Key Points

• Vident Advisory LLC increased its stake in Transdigm Group by 50.8% during the first quarter, owning 5,795 shares valued at approximately $8 million.
• Several hedge funds significantly modified their positions in Transdigm Group, with GAMMA Investing LLC increasing its holdings by an extraordinary 177,412.3%, now owning over 1.24 million shares.
• Transdigm Group announced a special dividend of $90.00 per share, an increase from the previous $75.00, to be distributed to shareholders on September 12th.

Vident Advisory LLC increased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 50.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,795 shares of the aerospace company's stock after purchasing an additional 1,953 shares during the quarter. Vident Advisory LLC's holdings in Transdigm Group were worth $8,017,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC increased its position in shares of Transdigm Group by 9.8% during the 1st quarter. Evergreen Capital Management LLC now owns 325 shares of the aerospace company's stock worth $450,000 after purchasing an additional 29 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Transdigm Group by 26.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 193,205 shares of the aerospace company's stock worth $267,259,000 after purchasing an additional 40,480 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of Transdigm Group during the 1st quarter worth about $95,000. BNP Paribas Financial Markets increased its position in shares of Transdigm Group by 5.4% during the 1st quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company's stock worth $143,952,000 after purchasing an additional 5,369 shares in the last quarter. Finally, Coalescence Partners Investment Management LP increased its position in shares of Transdigm Group by 42.9% during the 1st quarter. Coalescence Partners Investment Management LP now owns 8,779 shares of the aerospace company's stock worth $12,144,000 after purchasing an additional 2,637 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

TDG stock traded up $2.71 during mid-day trading on Monday, hitting $1,400.77. 311,909 shares of the company were exchanged, compared to its average volume of 435,967. The firm has a market cap of $78.93 billion, a P/E ratio of 46.49, a P/E/G ratio of 2.96 and a beta of 1.03. The firm's 50 day simple moving average is $1,495.14 and its 200 day simple moving average is $1,419.07. 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 announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities research 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 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 is Tuesday, September 2nd.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 in the company, valued at $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,932 shares of company stock worth $96,378,273. Corporate insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Morgan Stanley increased their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Company 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.