Vaughan Nelson Investment Management L.P. Acquires Shares of 61,872 Transdigm Group Incorporated $TDG

Key Points

• Vaughan Nelson Investment Management L.P. acquired 61,872 shares of Transdigm Group, valued at approximately $94 million, increasing its stake to about 0.11% of the company.
• Transdigm Group reported $9.60 earnings per share for the latest quarter, missing estimates of $9.75, while also announcing a special dividend increase to $90.00 per share from the previous $75.00.
• Institutional investors own 95.78% of Transdigm Group's stock, with various firms adjusting their holdings during the second quarter.

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 61,872 shares of the aerospace company's stock, valued at approximately $94,085,000. Vaughan Nelson Investment Management L.P. owned approximately 0.11% of Transdigm Group at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ascent Group LLC grew its holdings in Transdigm Group by 6.1% during the 2nd quarter. Ascent Group LLC now owns 1,325 shares of the aerospace company's stock valued at $2,015,000 after buying an additional 76 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Transdigm Group in the second quarter valued at $47,000. Vanderbilt University purchased a new position in shares of Transdigm Group in the second quarter valued at $3,549,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Transdigm Group by 10.5% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 263 shares of the aerospace company's stock valued at $400,000 after purchasing an additional 25 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Transdigm Group in the second quarter valued at $71,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Stock Up 0.5%

NYSE TDG opened at $1,290.47 on Friday. The company has a fifty day moving average of $1,373.81 and a two-hundred day moving average of $1,410.35. The firm has a market capitalization of $72.72 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.32 and a beta of 1.02. 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 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 negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $9.00 earnings per share. The firm's revenue for the quarter 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. Equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Transdigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were 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 was Tuesday, September 2nd.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent research reports. KeyCorp cut their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Citigroup raised their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Transdigm Group in a report on Saturday, September 27th. Susquehanna raised their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada lowered shares of Transdigm Group from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $1,550.00 to $1,385.00 in a research note on Monday, September 8th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,588.50.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $1,276.07, for a total transaction of $3,828,210.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,593,852. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. The trade was a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,232 shares of company stock valued at $29,496,571 in the last three months. 4.09% of the stock is owned by company 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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