OMERS ADMINISTRATION Corp Sells 328 Shares of Transdigm Group Incorporated $TDG

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Transdigm Group by 14.1%, owning 1,994 shares valued at approximately $2.76 million after selling 328 shares.
• Several institutional investors, including Bruce G. Allen Investments and Winch Advisory Services, have increased their stakes in Transdigm Group, indicating a strong institutional interest with 95.78% of the stock held by such investors.
• Transdigm Group has declared a special dividend of $90.00 per share, up from the previous $75.00, payable on September 12th to stockholders of record as of September 2nd.

OMERS ADMINISTRATION Corp reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,994 shares of the aerospace company's stock after selling 328 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Transdigm Group were worth $2,758,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TDG. Bruce G. Allen Investments LLC grew its holdings in shares of Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after purchasing an additional 10 shares in the last quarter. Winch Advisory Services LLC grew its holdings in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group during the 4th quarter worth $32,000. Wayfinding Financial LLC bought a new position in Transdigm Group in the first quarter valued at about $75,000. Finally, CVA Family Office LLC grew its position 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 acquiring an additional 32 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Transdigm Group

In other news, Director Michael Graff sold 1,760 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director directly owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,932 shares of company stock valued at $96,378,273 over the last ninety days. Insiders own 4.09% of the company's stock.

Transdigm Group Stock Up 0.2%

Shares of TDG stock traded up $2.71 during mid-day trading on Monday, reaching $1,400.77. 311,909 shares of the stock traded hands, compared to its average volume of 435,967. The stock's fifty day simple moving average is $1,495.14 and its two-hundred 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. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03.

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

Transdigm Group Increases Dividend

The company also recently declared a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $90.00 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. Wells Fargo & Company lifted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Citigroup lifted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, KeyCorp decreased their target price on 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. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.