Transdigm Group Incorporated $TDG Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its holdings in Transdigm Group by 29.3%, selling 38,108 shares in the first quarter, leaving it with 91,992 shares valued at $127.25 million.
• Transdigm Group's stock price was $1,272.39 as of the latest trading session, with a market cap of $71.70 billion and a 52-week range between $1,183.60 and $1,623.82.
• The company recently announced a special dividend of $90.00 per share, a significant increase from the previous special dividend of $75.00, highlighting its strong financial position.

Voya Investment Management LLC lowered its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 29.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,992 shares of the aerospace company's stock after selling 38,108 shares during the quarter. Voya Investment Management LLC owned 0.16% of Transdigm Group worth $127,252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TDG. Janus Henderson Group PLC lifted its holdings in Transdigm Group by 3.2% in the fourth quarter. Janus Henderson Group PLC now owns 7,431 shares of the aerospace company's stock valued at $9,413,000 after acquiring an additional 229 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Transdigm Group by 38.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,620 shares of the aerospace company's stock valued at $7,122,000 after acquiring an additional 1,568 shares during the period. NorthRock Partners LLC lifted its holdings in Transdigm Group by 249.7% in the fourth quarter. NorthRock Partners LLC now owns 633 shares of the aerospace company's stock valued at $802,000 after acquiring an additional 452 shares during the period. Nomura Holdings Inc. acquired a new stake in Transdigm Group in the fourth quarter valued at $2,350,000. Finally, Quantinno Capital Management LP lifted its holdings in Transdigm Group by 12.3% in the fourth quarter. Quantinno Capital Management LP now owns 5,329 shares of the aerospace company's stock valued at $6,754,000 after acquiring an additional 584 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Trading Down 1.6%

Transdigm Group stock opened at $1,272.39 on Friday. The stock has a market cap of $71.70 billion, a PE ratio of 42.23, a P/E/G ratio of 2.73 and a beta of 1.03. The stock has a 50-day moving average price of $1,457.03 and a 200 day moving average price of $1,415.93. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.00 EPS. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. On average, equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a boost from Transdigm Group's previous special dividend of $75.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on 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. Truist Financial lifted their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada downgraded Transdigm Group from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. KeyCorp cut their price target on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, UBS Group lifted their price target on 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Transdigm Group has an average rating of "Moderate Buy" and an average price target of $1,607.57.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Graff sold 1,760 shares of Transdigm Group stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,232 shares of company stock worth $23,998,436. 4.09% of the stock is owned by corporate insiders.

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.

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