Corebridge Financial Inc. Sells 561 Shares of Transdigm Group Incorporated $TDG

Key Points

• Corebridge Financial Inc. has reduced its position in Transdigm Group by 4.0%, holding 13,298 shares valued at approximately $18.4 million after selling 561 shares in the first quarter.
• Institutional investors own 95.78% of Transdigm's stock, indicating strong institutional interest, while insiders have sold 65,172 shares valued at nearly $93.9 million in the last quarter.
• Analysts have raised their price targets for Transdigm Group, with Morgan Stanley increasing it from $1,575 to $1,750, and the stock has an average rating of "Moderate Buy" with a consensus target price of approximately $1,624.69.

Corebridge Financial Inc. decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,298 shares of the aerospace company's stock after selling 561 shares during the quarter. Corebridge Financial Inc.'s holdings in Transdigm Group were worth $18,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Bruce G. Allen Investments LLC grew its holdings in 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 during the period. Winch Advisory Services LLC boosted its position 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 in the 4th quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in Transdigm Group in the 1st quarter valued at about $75,000. Finally, CVA Family Office LLC raised its stake 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. Institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of TDG stock traded up $2.71 on Friday, hitting $1,400.77. The stock had a trading volume of 311,909 shares, compared to its average volume of 291,902. The business has a 50 day moving average of $1,496.57 and a 200 day moving average of $1,417.46. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The stock has a market cap of $78.93 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.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 previous year, the company posted $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, research analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

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

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research reports. UBS Group raised their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" 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 report on Saturday, May 17th. KeyCorp lowered their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Morgan Stanley raised their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Susquehanna boosted 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 research report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Insiders Place Their Bets

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on 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 transaction, the director owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,127,372. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,932 shares of company stock valued at $96,378,273. 4.09% of the stock is currently owned by insiders.

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.