United Services Automobile Association Takes $1.78 Million Position in Transdigm Group Incorporated $TDG

Key Points

• United Services Automobile Association has acquired a new stake in Transdigm Group, purchasing 1,293 shares valued at approximately $1.78 million.
• The company recently announced an increase in its special dividend to $90.00, up from the previous $75.00, with payments scheduled for September 12th.
• Transdigm Group's stock opened at $1,272.16 and has a market capitalization of $71.69 billion, with recent earnings missing analysts' estimates.

United Services Automobile Association bought a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,293 shares of the aerospace company's stock, valued at approximately $1,781,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC increased its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the last quarter. Rothschild Investment LLC increased its position in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after acquiring an additional 8 shares during the last quarter. Balefire LLC increased its position in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 8 shares during the last quarter. New Republic Capital LLC increased its position in Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 8 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after acquiring an additional 8 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Transactions at Transdigm Group

In related news, CFO Sarah Wynne sold 3,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the completion of the transaction, the chief financial officer directly owned 3,400 shares of the company's stock, valued at $4,937,310. This trade represents a 48.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 66,932 shares of company stock worth $96,378,273 over the last ninety days. 4.09% of the stock is currently owned by insiders.

Transdigm Group Stock Performance

Shares of Transdigm Group stock opened at $1,272.16 on Monday. The company has a market capitalization of $71.69 billion, a PE ratio of 42.22, a P/E/G ratio of 2.69 and a beta of 1.03. The company has a 50-day simple moving average of $1,479.69 and a two-hundred day simple moving average of $1,418.14. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82.

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 analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business'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 firm posted $9.00 earnings per share. 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 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TDG shares. Morgan Stanley boosted 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 report on Thursday, July 17th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial lifted their target price on Transdigm Group from $1,553.00 to $1,730.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group lifted their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Susquehanna lifted their target price on 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 issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

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