Transdigm Group Incorporated $TDG Stock Position Lessened by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Transdigm Group by 1.6%, owning 416,854 shares worth approximately $576.6 million as of the latest SEC filing.
• Transdigm Group's earnings report revealed an EPS of $9.60, falling short of the consensus estimate of $9.75, with a revenue of $2.24 billion compared to the expected $2.29 billion.
• The company's board declared a special dividend of $90.00, an increase from the previous $75.00, to be paid on September 12th, with an ex-dividend date of September 2nd.

Price T Rowe Associates Inc. MD decreased its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 416,854 shares of the aerospace company's stock after selling 6,575 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.74% of Transdigm Group worth $576,631,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC grew its stake in shares of Transdigm Group by 111.1% in the first 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 lifted its holdings in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group in the fourth quarter valued at $32,000. Wayfinding Financial LLC acquired a new stake in shares of Transdigm Group in the first quarter valued at $75,000. Finally, CVA Family Office LLC lifted its holdings in shares of 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 buying an additional 32 shares during the period. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. UBS Group upped their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Morgan Stanley upped their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Citigroup upped their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Susquehanna upped their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,624.69.

Transdigm Group Stock Up 1.0%

Shares of NYSE TDG opened at $1,406.9420 on Friday. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a market cap of $79.28 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 2.94 and a beta of 1.07. The business has a fifty day simple moving average of $1,498.97 and a 200-day simple moving average of $1,414.83.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS 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 company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $90.00 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase from Transdigm Group's previous special dividend of $75.00.

Insiders Place Their Bets

In related news, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,930,000. This represents a 34.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the 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 directly owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,172 shares of company stock valued at $93,910,577 in the last 90 days. Insiders own 4.09% of the company's stock.

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.

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