Rafferty Asset Management LLC Sells 2,009 Shares of Transdigm Group Incorporated $TDG

Key Points

• Rafferty Asset Management LLC reduced its holdings in Transdigm Group by 19.6%, now owning 8,257 shares valued at approximately $11.42 million.
• Transdigm Group recently announced a special dividend of $90.00 per share, an increase from the previous $75.00 dividend, to be paid on September 12th.
• Despite reporting a miss in quarterly earnings with EPS of $9.60, below the $9.75 estimate, the company's revenue increased by 9.3% year-over-year.

Rafferty Asset Management LLC reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,257 shares of the aerospace company's stock after selling 2,009 shares during the period. Rafferty Asset Management LLC's holdings in Transdigm Group were worth $11,422,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC raised its holdings in 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 buying an additional 10 shares during the period. Winch Advisory Services LLC raised its holdings in 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 buying an additional 7 shares during the period. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the 4th quarter worth approximately $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group during the 1st quarter worth approximately $75,000. Finally, CVA Family Office LLC raised its holdings in Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after buying an additional 32 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Transdigm Group Stock Up 0.2%

Shares of NYSE:TDG traded up $2.71 during midday trading on Friday, hitting $1,400.77. The stock had a trading volume of 311,909 shares, compared to its average volume of 436,498. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The business's 50-day simple moving average is $1,496.57 and its 200-day simple moving average is $1,417.91. The company has a market cap of $78.93 billion, a P/E ratio of 46.49, a PEG ratio of 2.96 and a beta of 1.07.

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 for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business posted $9.00 earnings per share. Transdigm Group's quarterly revenue 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. As a group, equities analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Increases Dividend

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

Insider Activity

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at $33,827,343.28. The trade was a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,932 shares of company stock valued at $96,378,273. 4.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

TDG has been the topic of several research analyst reports. Susquehanna raised 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 report on Monday, July 14th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, UBS Group raised their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average target price 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.