Woodline Partners LP Boosts Holdings in Transdigm Group Incorporated $TDG

Key Points

• Woodline Partners LP increased its stake in Transdigm Group by 181.5% in Q1, owning 6,359 shares valued at approximately $8.8 million.
• Several analysts have raised their price targets for Transdigm Group, with Citigroup setting a new target of $1,795 and maintaining a buy rating.
• The company announced a special dividend of $90.00 per share, increasing from the previous $75.00, set to be paid on September 12th.

Woodline Partners LP increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 181.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,359 shares of the aerospace company's stock after purchasing an additional 4,100 shares during the period. Woodline Partners LP's holdings in Transdigm Group were worth $8,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of Transdigm Group by 5.0% during the 1st quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company's stock worth $1,898,000 after purchasing an additional 65 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in Transdigm Group during the 1st quarter valued at about $322,000. Ascent Group LLC grew its stake in Transdigm Group by 14.9% during the 1st quarter. Ascent Group LLC now owns 1,249 shares of the aerospace company's stock valued at $1,728,000 after acquiring an additional 162 shares in the last quarter. United Services Automobile Association purchased a new stake in Transdigm Group during the 1st quarter valued at about $1,781,000. Finally, Great Lakes Advisors LLC grew its stake in Transdigm Group by 28.3% during the 1st quarter. Great Lakes Advisors LLC now owns 3,768 shares of the aerospace company's stock valued at $5,212,000 after acquiring an additional 830 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Down 1.6%

Transdigm Group stock traded down $20.91 during mid-day trading on Friday, reaching $1,272.39. 395,960 shares of the company's stock were exchanged, compared to its average volume of 379,109. The company has a market cap of $71.70 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.69 and a beta of 1.03. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company has a fifty day moving average of $1,457.03 and a 200-day moving average of $1,416.99.

Transdigm Group (NYSE:TDG - Get Free Report) last released 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 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%.Transdigm Group's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Analyst Ratings Changes

Several brokerages recently issued reports on TDG. The Goldman Sachs Group upped their price objective on shares of 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. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Citigroup increased 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 research note on Monday, July 14th. Finally, Royal Bank Of Canada lowered shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $1,550.00 to $1,385.00 in a report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,607.57.

Insider Activity

In other news, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the sale, the director owned 1,964 shares in the company, valued at $2,753,724.40. The trade was a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,232 shares of company stock worth $23,998,436. 4.09% of the stock is currently owned by corporate insiders.

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.