Transdigm Group Incorporated $TDG Shares Purchased by Dogwood Wealth Management LLC

Key Points

• Dogwood Wealth Management LLC significantly increased its stake in Transdigm Group by 16,300%, now holding 492 shares valued at approximately $753,000.
• Transdigm Group has seen positive forecasts from analysts, with a consensus price target of $1,588.50 and most ratings being either Buy or Overweight.
• The company recently announced a special dividend of $90.00 per share, up from the previous special dividend of $75.00, reflecting positive financial performance.

Dogwood Wealth Management LLC raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 16,300.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 492 shares of the aerospace company's stock after buying an additional 489 shares during the period. Dogwood Wealth Management LLC's holdings in Transdigm Group were worth $753,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Transdigm Group in the 1st quarter worth approximately $168,048,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Transdigm Group in the 1st quarter worth approximately $157,890,000. Vanguard Group Inc. grew its stake in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock worth $378,917,000 after purchasing an additional 67,547 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Transdigm Group in the 1st quarter worth approximately $80,476,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TDG shares. BMO Capital Markets started coverage on shares of Transdigm Group in a research note on Tuesday. They issued an "outperform" rating and a $1,420.00 price objective on the stock. Truist Financial lifted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. KeyCorp dropped their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Citigroup lifted their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Susquehanna lifted their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,588.50.

Insider Activity

In other news, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total value of $2,467,696.00. Following the transaction, the director owned 1,964 shares of the company's stock, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 5,000 shares of Transdigm Group stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the transaction, the director directly owned 83,419 shares in the company, valued at approximately $106,524,394.62. This represents a 5.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,232 shares of company stock worth $29,496,571. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Up 2.2%

NYSE TDG opened at $1,317.33 on Wednesday. The stock has a market capitalization of $74.23 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 2.73 and a beta of 1.03. The company has a 50 day moving average price of $1,392.36 and a two-hundred day moving average price of $1,412.00. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted 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). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were 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 was Tuesday, September 2nd.

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.

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.